Brazilian pig iron exporters were trying to avoid any rapid falls in price that might occur due to the slump in the ferrous scrap market, sources told Fastmarkets on Friday September 6.
Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $310-315 per tonne on Friday, narrowing downward from $310-320 per tonne last week.Scrap is the relative substitute for pig iron in steel melting, and the price for prime grades in the United States, the key outlet for Brazil-origin pig...