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Brazilian pig iron prices hold amid no business
Issued at 2017-10-22
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Export prices for Brazilian-origin merchant pig iron remained steady during the week ended Friday amid no new activity reported, sources said.
S&P Global Platts assessed its weekly export price for Brazilian pig iron at $365/mt, based on a range of $360-$370/mt FOB Southeastern ports.
"Prices are at the same level. No news to report," a market source said.
A second source also didn't have any activity to report, but estimated the workable price for buyers of Brazilian-origin pig iron at Platts' levels.
Producers seem to be in no rush to seek buyers, as most of them are reportedly sold out until the end of November. "Nevertheless, they should bear in mind that prices may not be sustained at the same levels," a market observer said.
Source: Platts
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