Prices for imports of basic pig iron into China have inched upward over the past fortnight, after transactions for Brazilian cargoes completed on October 15, sources told Fastmarkets on Thursday October 28.
Following those deals, however, buying activity started to slow down because sellers were offering cargoes at higher prices due to tight supply, market participants said.The price would be equivalent to $565-575 per tonne cfr China, considering the $65 per tonne cost of freight from Brazil,...