Pig iron prices in Brazil and the United States were stable for the week ended Friday March 1 due to weak trading and different price expectations among buyers and sellers.
Fastmarkets' weekly price assessment for Brazilian pig iron exports from southeastern Minas Gerais state was $340 per tonne fob on Friday, unchanged from the previous week. Meanwhile, the assessment for pig iron exports from Brazil's northern Caraj??s region was 350-362 per tonne fob, up from $347-362 per tonne fob a week earlier.Producers in Brazil were pressured by high iron ore costs and low raw materials availability, with reduced ability...