Brazil's pig iron export market quiet, but expected to benefit from export tax in Russia

The pig iron export market in Brazil remained muted in the week to Friday June 25 due to continuing long lead times, but demand is expected to pick up if Russia implements a pig iron export tax in the coming weeks, sources told Fastmarkets.

Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday, unchanged week on week.
The market remained inactive because buyers were not interested in buying pig iron with shipment in September.

Several sources were...

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