BRAZIL:
Exporters of merchant Pig iron based in Brazil's Northern region of Cajaras, have raised offers in the current week looking at good demand from the North America.
A 30,000 tons Pig iron deal was recently finalized with a Mexican steelmaker for cargo to be shipped in the month of September to the Veracruz in Mexico, in a handy max vessel.
CIS:
Producers of Pig iron from the Black Sea have started offering the material at higher prices, though buying interest is not very encouraging at the new levels.
Trading prices continue to stand at these levels from last three to four weeks.
Current Offers:
Russia – $405-425/MT FoB Baltic Sea
It was heard that Russian material is being offered at $420/MT CIF Italy but no deals have been finalized yet.
Ukraine – $365-385/MT FoB Black Sea
Sellers are looking forward to close deals at the higher range i.e. $385/MT FoB Black Sea and at around $405-408/MT FoB.
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