Pig iron export prices increase again in Brazil

Monday, 17 April 2017 22:12:00 (GMT+3)   |   Sao Paulo
       

A source from a pig iron producer in the north of Brazil told SteelOrbis that he is selling the steelmaking grade product at $380/mt, CFR conditions to ports in the East coast of the US, considering ocean freight rates in the average level of $10/mt.
 
He mentioned that the current price compares with $314/mt FOB in February. The current increase is attributed to reduced production in the North region due to the shortage of charcoal, which is used as reductant in the production process—substantial rainstorms affecting the region over the last few weeks have reduced charcoal supply.
 
Another source from a producer in the Southeast region said he is selling the foundry nodular grade product in average at $390/mt, FOB conditions, adding that he has recently exported a small cargo of such product at $413/mt, FOB conditions.
 
In March, Brazilian independent pig iron producers exported 212,600 mt, 10 percent less than in February, at an average FOB price increased by 5.7 percent to $313/mt, FOB conditions, with price deals probably closed in February.
 
The most important destinations were the US (116,200 mt at $315/mt), the EU (50,400 mt at $307/mt) and Asia (41,000 mt at $322/mt, of which 38,800 mt at $321/mt to Taiwan), all FOB conditions.

Similar articles

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

Ukraine’s pig iron output up 42.5 percent in January-February

12 Mar | Steel News