There was zero activity in Brazil's pig iron export market this week, with buyers declining to make any purchases ahead of the New Year.
Fastmarkets' weekly price assessment for pig iron exports from the south-eastern Minas Gerais region was $335-340 per tonne fob on Friday December 21, down by $5 per tonne week on week. "The market is dead. Even if producers cut prices [again] no one will buy," one trader from southern Brazil said. "Some buyers want low-phosphorous pig iron, some buyers want to wait till next year, so activity is zero."Pig iron producers...