Pig iron exporters in southern Brazil cut their offers in the week to Friday December 7, due to low global demand for high-phosphorous pig iron, while suppliers in the north of the country were sold out and stayed out of the market.
Fastmarkets' weekly price assessment for pig iron exports from the south-eastern Minas Gerais region was $345-350 per tonne fob on Friday December 7, down from $350-355 per tonne fob last week."I do not have business, so I've decreased offers," one exporter from the south told Fastmarkets, "but even after this I can't compete [with suppliers from the Commonwealth of Independent States]." Another exporter from...