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.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results