A source from a major steelmaking grade pig iron producer in Brazil told SteelOrbis that the product is currently exported from the country’s southeast ports at $340/mt, FOB conditions.
He added that there are positive perspectives for the price, following a similar pattern in the scrap price trend.
The price of charcoal, used as reductant in the small blast furnaces of the sector, is playing a negative role in the margins of the sector, as prices have increased due to the heavy rains over the southeast region.
Sources also mentioned that a pig iron export order from a port in the northeast was recently closed at $370/mt, CFR conditions, equivalent to $352/mt FOB conditions.
A second source, from a producer of the nodular grade product, said that he is exporting the product at $397/mt, FOB conditions from a port in the southeast.