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Brazilian pig iron prices forecast to rise $10-20/mt in Q1/2014
Issued at 2013-11-29
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Slower negotiations for pig iron shipments in the last months of the year forced Brazilian traders to keep prices at low levels and look for alternative destinations besides the main buyer, the US. Nevertheless, offers are set to go up by 10-20/mt in the first quarter of 2014, some traders told Platts.
“We are really getting into the European market, especially in Germany. But even so, exports are very weak”, said a trader based in Minas Gerais state.
Source: Platts
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