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Brazilian pig iron exports active again in positive price scenario
Issued at 2018-01-13
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The Brazilian pig iron export market recorded its first transactions of 2018 this week, amid bullish views on the price outlook for the steelmaking raw material.
Offers for Minas Gerais-origin pig iron are being placed in the market at $360-370 per tonne fob for March shipment, following a deal closed at $360 per tonne fob, according to Brazil-based sources. As a result, Metal Bulletin’s weekly price assessment for Minas Gerais-origin pig iron exports increased to $360-370 per tonne fob on Friday January 12.
Source: www.metalbulletin.com
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