NEWS
IRON and STEEL   NON-FERROUS  

Brazil Pig iron Exports 3 Year High in Jan'19

Brazil's pig iron exports increased by about 19% M-o-M in the first month of 2019, according to trade statistics released by Brazilian customs.

In the month of Jan’19, Pig iron exports from Brazil were reported around 316,050 MT, which was recorded 3 years high & same volume of exports seen in Dec 2015.

In Jan'19, United States has imported the largest volume of Brazilian pig iron at around 140,085 MT followed by Netherlands (85,144 MT), Italy (29,755 MT) & Taiwan (18,181 MT). Inline exports to United Kingdom it also surge sharply & recorded at 36,580 MT in Jan’19.

However it was also noticed that during Dec'18, there was no major exports of Brazilian pig iron to the Netherlands & Taiwan.

During Apr’18 to Jan’19, the most favourable export destination of Brazilian pig iron was - United States (737,560 MT), Netherlands (303,307 MT), Mexico (162,528 MT), Italy (149,797 MT) & Taiwan (113,776 MT). And the major export of pig iron were from the ports of Rio De Janeiro (734,381 MT), Vitoria (529,070 MT) & Sao Luis (435,969 MT).

Updates

-- Currently global export prices for basic grade Pig iron is assessed at USD 310-320/MT FoB Brazil & USD 355-360/MT FoB India.

-- Brazil, the world’s second-largest Semi finished exporter, has exported about 815,503 MT slabs in Jan'19, rise by 11.48 % as against 731,507 MT in Dec’18.

-- Brazilian manganese ore exports went up by 2.30% from 348,038 MT in Dec'18 to 356,075 MT in Jan’19. China accounted for 69% of the shares in the Brazilian manganese ore while India and Uruguay stood for 9% each.

Comments:

Leave a Comment:

   
   
   
 

UK Crude Loadings Continue to Fall

The UK’s crude oil loadings remained below 800,000 barrels per day for the third month in a row in February, while authorities expect Britain’s crude production to decline through at least 2024, Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime and Trade at IHS Markit, said.
 

Global HRC Market Updates- Week 10, 2019

Chinese HRC export offer increases over gains in domestic market- Chinese HRC export offers continued to show uptrend amid improved buying and restocking demand prevailing among end users in China.Meanwhile increase in domestic prices also pushed export offers in upward direction.
 

Indian Domestic HRC Trades Slow down; Automobile Sales Disappoint

This week Indian HRC prices witnessed slight increase in traders market after announcement of sharp price hike by INR 1000-1500/MT by major Indian steel mills last week for March deliveries.However dull trades restricted surge in prices in trade segment this week.
 

Pakistan: Imported Scrap Offers Inch Up; Limited Trades Reported

SteelMint learned in recent conversation with participants that imported scrap offers to Pakistan have moved up USD 5-10/MT W-o-W as suppliers slowly turning resistive to low offers
 

India: Domestic Pellet Offers Range Bound Amid Limited Trades

Indian pellet offers have remained unmoved this week against the previous week’s offer amid low trades and limited inquiries.
 

India: SAIL Receives Moderate Response in Recent Pig iron Auction

Steel Authority of India Ltd (SAIL) - India's largest steel maker conducted e-auction for 13,800 MT Steel grade Pig iron today from its Rourkela Steel plant (RSP) based in eastern India.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners