Brazilian, CIS producers seek options in weak pig iron market

Jun 07, 2013 | 01:52 PM | Juan Weik

Tags  steel, pig iron, Brazil, CIS, Russia, Ukraine, Nucor, imports exports

SÃO PAULO — Brazilian and Commonwealth of Independent States (CIS) pig iron producers are looking to adjust their output and marketing strategies in response to challenging market conditions.

The pig iron industry, hit by weak demand and depressed prices in recent years, is set to face another blow when Charlotte, N.C.-based steelmaker Nucor Corp. commissions its 2.5-million-tonne-per-year direct-reduced iron (DRI) plant in Louisiana later this year. The new supply of DRI in the market is likely to reduce Nucor’s need to import pig iron and other scrap substitutes.

CIS producers do not expect to be significantly affected by Nucor’s DRI plant, as they mainly export to local markets in northern Europe and the Mediterranean. ....

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