Brazil pig iron export deals to pressure domestic prices

Aug 30, 2013 | 12:18 PM | Juan Weik

Tags  Brazil pig iron, pig iron exports, steelmaking, pig iron prices, ArcelorMittal Brasil, Gerdau, Votorantim Siderurgia, Juan Weik

SÃO PAULO — Brazil’s domestic pig iron tags will likely come under pressure after a second export deal for 50,000 tonnes of pig iron from Brazil’s southeastern Minas Gerais state, sources said.

Prices in Minas Gerais have been stable at some 740 real ($313) per tonne ex-works the past few months but could rise in the near future on lower supply and the devaluation of Brazil’s currency.....

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