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Kallanish Steel Weekly: Pig iron market plateaus, activity recedes

Kallanish Steel Weekly: Pig iron market plateaus, activity recedes (March 28, 2023)

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The merchant pig iron market continues to wane in the wake of the considerable activity of the last two months, with a slight divergence of direction noted in the main markets. The US import market was relatively quiet, with the exception of a couple of negotiations, which have not yielded sales. Brazilian pig iron is still offered at $550-560/tonne fob for June loading, depending on the region, and bids at $550/t fob for higher-priced material did not
succeed. US buyers' overall buying interest is at around $10-20/t below offer indications, but has died down on prior large-tonnage purchases and banking concerns, sources say.

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