Brazilian, CIS producers seek options in weak pig iron market
Jun 07, 2013 | 01:52 PM
| Juan Weik
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 Nucors need to import pig iron and other scrap substitutes.
CIS producers do not expect to be significantly affected by Nucors DRI plant, as they mainly export to local markets in northern Europe and the Mediterranean. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.