US import prices for pig iron at ‘stagnant point’: sources

Aug 08, 2013 | 10:12 AM | Juan Weik

Tags  pig iron, pig iron imports, import prices, Brazil pig iron, Port of New Orleans, NOLA, Juan Weik

SÃO PAULO — The import price for merchant pig iron has reached a "stagnant point" in the United States, with the latest reported transactions closing at the same level for the past four weeks.

Producers from Brazil’s northern region of Carajás sold a 70,000-tonne cargo this week at an average price of $410 to $411 per tonne c.f.r. Port of New Orleans (NOLA) for shipment in September, Carajás sources told AMM sister publication Steel First Aug. 8. The f.o.b. level for the sale would be....

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