Some suppliers of Brazilian pig iron are ready to make concessions in order to sign new agreements and lowering their offers to $ 490-495 / t FOB Brazil's southern ports, which are $ 50-10 / t from lower prices a week-ago. It should be noted that the price of U.S. $ 500 / t FOB was kept for several weeks and the latest recordings were made this same level.
Moreover, suppliers from the region north of the country resist and plan to maintain the previous level of $ 520 / t FOB ports in the north, while the offerings from a leading American consumers of the material reached U.S. $ 500 / t FOB .
It is expected that the buyers will still get what they want amid the general downward trend in the global pig iron and scrap.
source http://www.foundrygate.com.br/
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