US steelmakers pay more for Brazilian pig iron

Aug 07, 2012 | 04:09 PM | Juan Weik

Tags  pig iron, Brazil pig iron, metallics, pig iron prices, steelmakers, Juan Weik

SÃO PAULO, Brazil — Merchant pig iron producers in Brazil’s northern region of Carajás sold a 70,000-tonne cargo late last week to U.S. buyers for $15 to $20 per tonne more than previous transactions.

Buyers, including one large U.S. steelmaker, agreed to pay around $427 per tonne c.f.r. for the shipment, which will be made in September to the Port of New Orleans, market participants told AMM sister publication Metal Bulletin.....

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