Brazil:
For June shipments, Pig iron prices remain unchanged for exports purposes on account of weak buying interest and Scrap being sold at lower prices.
Current prices are standing at $385/MT FOB Brazil (Minas Gerais), after being reduced by 15 dollars in mid-May.
But, according to Pig iron producers in Brazil, there is further scope of correction in exports prices as buyers in international market are asking for material at cheaper rates.
Black Sea:
Trades in Pig iron is very limited in the present day in the international market and exports prices of Pig iron slide by $10/MT further.
In comparison to a deal at $387/MT FoB Mariupol Port made last week,
A trader purchased Pig iron from Ukraine at $377/MT FoB ($410-415/MT CFR) Sea of Azov for shipment to be made in June.
One of the producers of steel grade material in Ukraine is offering about 20,000 MT produced for June delivery.
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