Pig iron export prices from the south of Brazil have stabilized as suppliers turn away from the weaker United States market to refocus on China.
Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $275-280 per tonne on Friday October 4, stable week on week. "We are not offering to the US now, because [the] market level is falling there," one supplier said. "We see demand in China, but they are on holidays this week." In late September, suppliers sold three cargoes of pig iron to China at...