pig iron prices - Latest news GMK Center

The Black Sea pig iron market (Black Sea FOB) is currently virtually inactive

Pig iron exports from Brazil are not subject to the new US tariffs, so local producers will be able to continue supplying the US market

Exports from Brazil to the US rose sharply amid expectations of tariffs and rising scrap prices

New restrictions could disrupt iron ore supplies to the US and affect global prices

Negative dynamics is related to US import tariffs and tax changes in Brazil

Recovery in US demand led to moderate price increases

Growth of domestic steel production and reduction of exports contributed to price increases in key markets

Pig iron prices in key regions returned to last year's levels by the end of February

Buyers are holding back from making deals

Exports of steel products may decrease by 300 thousand tons in annual terms

This segment of the market is dominated by Russian-made products, which are more competitive

Buyers put pressure on suppliers to make the most favorable deals