United States has imported about 0.43 MnT Pig iron in March 2018, the fresh released data by US custom showed.
The imports by the nation recorded a surge of 5% M-o-M against 0.41 MnT in Feb’18. During Mar’18, Russia has exported approximately 56% Pig Iron (0.24 MnT) to the nation. While Pig iron imports remained nearly stable in Mar’18 on Y-o-Y basis as against 0.43 MnT in Mar’17
In CY18 (Jan-Mar), the nation has imported about 1.33 MnT Pig Iron; surge by 20.90% as compared to 1.10 MnT in the same preceding last year. Russia, Ukraine & Brazil was the major Pig Iron exporter to United States which exported about 0.69 MnT (52.11%), 0.38 MnT (28.81%) & 0.16 MnT (12.15%), respectively.
As per the SteelMint analysis, in the month of Mar’18, the crude steel production of United States was around 7.26 MnT, incline by 12.55% M-o-M against 6.45 MnT in Feb’18 and in CY18(Jan-Mar) it was approximately 20.53 MnT, surge by 1.50% against 20.23 MnT in CY17 (Jan-Mar)
Presently, the export offers of basic grade Pig Iron are assessed at USD 375-390/MT FoB Russia, USD 390-395/MT FoB Brazil & USD 360-365/MT FoB India.
Top 5 Load Country (Pig Iron) in CY16 & CY17
| S.no | CY16 | CY17 | ||
| Name | Quantity | Name | Quantity | |
| 1. | Russia | 2.22 | Russia | 2.78 |
| 2. | Brazil | 0.70 | Ukraine | 1.14 |
| 3. | Ukraine | 0.68 | Brazil | 0.92 |
| 4. | South Africa | 0.10 | South Africa | 0.13 |
| 5. | Switzerland | 0.05 | India | 0.07 |
Quantity in MnT
Sources: SteelMint Stats.
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