China bought at least 290,000 tonnes of pig iron from Brazil and Russia during the week ended Friday July 10, supporting global pig iron prices, market sources have told Fastmarkets.
Suppliers in the south of Brazil sold three cargoes each of 60,000 tonnes for October shipment to international traders. The final price in the Chinese market, including the traders' margin, was $343-344 per tonne cfr for all three cargoes.One cargo of 60,000 tonnes was also booked from the south of Brazil at around $348 per tonne cfr for September shipment. And another cargo for September shipment...