Brazilian pig iron prices rise $12 after 3-week market lull

Nov 12, 2010 | 12:15 PM | Juan Weik

Brazilian pig iron export prices are on the rise with the booking of a deal to the United States following three weeks of no reported activity.

Merchant pig iron producers from Brazil's northern region of Carajás have closed an export deal with a trading company at around $436 per tonne f.o.b., about $12 higher than the previous sale.

The 35,000-tonne cargo is expected to be shipped to the United States in January and be delivered to the port of New Orleans at $450 per tonne, up from a shipment at $438 per tonne delivered at the end of December, trading and producer sources said.....

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