High demand supports pig iron export price growth in Brazil

摘要

High demand for pig iron, mainly in Asia, has supported further price growth in the export pig iron market in Brazil, sources told Fastmarkets during the week ended Friday January 17. Fastmarkets’ weekly price assessment for pig iron, export, fob port of Vitoria/Rio, was $320-325 per tonne on Friday, up by $5 per tonne from $315-320 per tonne a week earlier. A cargo of 60,000 tonnes was bought for the Chinese market at $320 per tonne net to the producer, or about $325 per tonne fob. A week before, 65,000 tonnes had been bought, also for the Chinese market, at $320 per tonne fob.