US pig iron imports forecast to decline to 3M tonnes in 2014
Sep 24, 2013 | 10:11 AM
LONDON U.S. imports of merchant pig iron are expected to decline sharply as new facilities to produce direct-reduced iron (DRI) come into operation in the country, according to AMM sister publication Steel First, citing data from Metal Bulletin Research (MBR).
This will compel Brazilian and Russian pig iron suppliers to look for new markets for their exports.
U.S. merchant pig iron imports will fall 17 percent year on year to 3.5 million tonnes in 2013, according to MBR estimates. This largely will come amid weaker domestic crude steel production, driven by subdued domestic consumption of finished steel.
According to American Iron and Steel Institute data, U.S. mill shipments slipped 4.1 percent year on year during the first seven months of 2013 (amm.com, Sept. 16), while crude steel output declined 3.6 percent through mid-September (amm.com, Sept. 24).....
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