Brazilian pig iron suppliers continued to insist on higher export offer prices this week on lower material availability during the rainy season and lower availability due to suppliers having closed order books for the year.
Fastmarkets increased its weekly price assessment for pig iron exports from the south-eastern Minas Gerais region to $355 per tonne fob on Friday November 23, from $346-348 per tonne fob a week before. "No one is in hurry to sell because all mills are sold out for December and production usually subsides during the rainy season," one producer from Brazil told Fastmarkets. "We...