Brazil pig iron exporters bullish on higher charcoal costs, good local market

Issued at 2020-11-03

Brazilian pig iron suppliers were bullish about the export market because of possible higher charcoal costs and good local demand, but no serious negotiations have been heard at the offer level, sources said on Friday October 30.

Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $355 per tonne on Friday, unchanged from a week earlier.

Offers were announced at prices as high as $400 per tonne fob, although no negotiations were heard at this level, sources said.

“The rainy season started in mid-October but pig iron producers already have concerns about charcoal prices,” one trader said. 

Source: Metal Bulletin