Brazilian pig iron export prices remained relatively stable this week after falling almost $50/tonne since the end of April. New levels are in line with the lowering global raw materials markets, Kallanish notes. Sources suggest that Brazilian export prices should remain flat in the next week.
"Prices moved down by some $25-30/tonne since the beginning of the second week of May on the back of last fresh sales to the US,” a market participant commen…
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