The price of pig iron exported from the south of Brazil decreased over the week ended Friday June 14 in line with the price decline for steel scrap material.
Fastmarkets' weekly price assessment for pig iron exported from the southeastern Minas Gerais region of Brazil was $315-320 per tonne fob on June 14, down by $5 per tonne week on week. "Scrap prices dropped, so we have reduced our offers," one exporter told Fastmarkets. Offers for export pig iron for August shipment from the south of Brazil were around $315 per tonne net to producer, or around $320 per tonne fob. That was $10 per tonne lower than in the...