Fresh ex-Brazil BPI deal to US after long pause

Friday, 09 September 2022 17:24:33 (GMT+3)   |   Istanbul
       

After a long pause in purchases, this week US customers have returned to the basic pig iron (BPI) market. Moreover, by the end of the current week, negotiations with a Brazil-based BPI have yielded some results. Specifically, a 50,000 mt cargo of ex-Brazil BPI, for November shipment, has been traded at $495/mt CFR Port of New Orleans, which is almost in line with prices targeted by Brazilian suppliers. As SteelOrbis has reported earlier, most offers from Brazil have come at $500/mt CFR Port of New Orleans. The freight rate from Brazil to the US is estimated to be around $35/mt.

According to SteelOrbis’ information, in the coming week at least one more contract for a BPI shipment to the US market is anticipated to be signed.


Similar articles

Ex-Brazil BPI exporters achieve slight rise in latest deals to US amid better scrap sentiment

28 Mar | Scrap & Raw Materials

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Price gap between low and high-phosphorus Brazilian BPI narrows in last deals

25 Mar | Scrap & Raw Materials

German crude steel output increases by 4.6 percent in January-February

25 Mar | Steel News

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

Buyers from Turkey and Italy seek lower ex-Russia BPI prices even though scrap lacks direction

20 Mar | Scrap & Raw Materials

Turkey’s pig iron imports up 5.0 percent in January

20 Mar | Steel News

China’s crude steel output up 1.6% in Jan-Feb despite unexpectedly weak post-holiday demand

18 Mar | Steel News

Ex-Brazil BPI market at standstill due to high prices for buyers, ex-Russia sellers under strong pressure

15 Mar | Scrap & Raw Materials

Local pig iron prices in China - week 11, 2024

15 Mar | Scrap & Raw Materials