On January 26, SteelOrbis reported basic steelmaking pig iron offers to the US at $390-395/mt FOB Northern Brazilian port and $370-380/mt FOB Southern Brazilian port.
According to market sources, a US buyer closed a deal this week for basic steelmaking pig iron at $400/mt CFR from the northern region. Offers are reportedly being carried over from last week from both regions at the moment. A buying source commented that due to recent softness in the global scrap market, pig iron purchase prices are unlikely to increase, especially, as US domestic scrap is trading sideways into February.