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Pig iron producer restart in north Brazil could have minor impact on market
Issued at 2020-01-20
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Gusa Brasil, formerly knows as Sidepar, partly restarted operations in the state of Pará in northern Brazil in early January, with the first pig-iron sale made in the middle of the month, sources told Fastmarkets.
Fastmarkets’ average price assessment for pig iron export, fob Ponta da Madeira went up to $335.30 per tonne in 2019The restart will add a small tonnage to the pig iron market, however, so participants only expect a minor impact, Fastmarkets was told.
"Pig iron prices have improved so that makes it reasonable to restart production now,” one Brazilian pig iron producer said.
Source: metalbulletin.com
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