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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