Pig iron exporters in the south of Brazil have sold out of material for shipment this year and have increased their offer prices for material for January deliveries.
"Sales last week have taken up material availability from suppliers in the south. That is why they have tried to increase their offers," one trader told Fastmarkets.Last week, several deals were done at $346-348 per tonne fob. This week, offers from suppliers went up to $355 per tonne fob."They are only testing the market. I doubt that there will be deals at this price in the near...