Pig iron exporters in the south of Brazil have resumed sales activity after a month-long silence, although the price has gone down because of low demand in response to falling scrap prices.
Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $275-280 per tonne on Friday September 27, down from $285-300 per tonne last week.Over the week, suppliers sold several cargoes of pig iron to China at around $275-280 per tonne fob. The combined volume of all these deals was heard to be...