Pig iron producer restart in north Brazil could have minor impact on market

January 21, 2020 / www.metalbulletin.com / Article Link

Gusa Brasil, formerly knows as Sidepar, partly restarted operations in the state of Par?? in northern Brazil in early January, with the first pig-iron sale made in the middle of the month, sources told Fastmarkets.

The restart will add a small tonnage to the pig iron market, however, so participants only expect a minor impact, Fastmarkets was told.
"Pig iron prices have improved so that makes it reasonable to restart production now," one Brazilian pig iron producer said.

Fastmarkets' average price assessment for pig iron export, fob Ponta da Madeira went up to $335.30 per tonne in 2019 on better demand from...

Recent News

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok