Pig iron exporters from the south of Brazil reduced offers under pressure of low demand and falling scrap prices, sources told Fastmarkets on Friday January 11.
Meanwhile, suppliers from the north of Brazil stayed of the market, because they are sold out till Mach. Fastmarkets' weekly price assessment for pig iron exports from the south-eastern Minas Gerais region dropped to $310-320 per tonne fob on January 11, from $335-340 per tonne fob a week before. Pig iron offers from southern Brazil reduced to $320-325 per tonne fob. Meanwhile, a workable level for buyers fell to $290 per tonne fob due...