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In the last 12 months, the price of coking coal and scrap have continuously trended up, zinc has continuously trended down, and iron ore and pig iron have been erratic. Table 1 summarizes the price changes through November of the five materials considered in this Steel Market Update report. It includes the month/month, 3 months/3 …
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Additionally, there were reports of India announcing a pig iron tender for exports. Market participants speculated that China could be a potential destination, although no price indications were provided. As a result, Russian pig iron prices were assessed at $350-375/t fob Black Sea, widening from $360-370/t fob last week.
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The new spreads and ratios – underpinned by existing Platts assessments in hot-rolled coil steel, pig iron, ferrous scrap, iron ore, primary aluminum and scrap from the US, …
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Russian pig iron prices were assessed at $350-380/tonne fob Black Sea, up from $330-362/t fob last week. However, Russian producers have indicated they are operating at or …
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Global steel and pig iron supply chain disruptions are boosting ferrous scrap demand, Schnitzer Steel CEO Tamara Lundgren said April 6. ... Ukraine war cuts supply from Black Sea. Scrap prices rise due to disruptions. Author; Nick Lazzaro ... Q2, market prices for recycled ferrous metals remained at historically high levels with a dip in the ...
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Get updated on the current scrap metal prices in the USA, including ferrous metals such as steel and iron, as well as non-ferrous metals like stainless steel, aluminum, copper, brass, bronze, lead, and zinc. ... Scrap Prices for Iron and Cast Iron. Metal Min Price Max Price; Light Iron: $151.61/ton: $169.51/ton: Machine Shop Turning/Iron ...
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Black Sea basic pig iron export prices followed scrap and iron ore lower this week, with Platts assessment sliding 5 from last week to 382/mt FOB. S&P Global Commodity Insights. S&P Global; S&P Dow Jones Indices; S&P Global Engineering Solutions; S&P Global Market Intelligence;
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Late last week Ukrainian pig iron was booked in Italy at around $635/t cfr, netting back to around $620/t fob. As the sale concluded before iron ore and scrap gaines of past week, this price is no longer available. As the prospect of China entering the market is growing, so is the buying activity bound to increase, participants agree.
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Despite the uptrend in raw material values, including scrap and iron ore, demand for Black Sea pig iron remained subdued following the sharp price rise last week, market …
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Brazilian BPI sales fail to accelerate amid less bullish mood, slightly higher ex-Black Sea prices accepted
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Relatively well supported pig iron prices and low scrap prices have led to a significant widening of the spread between the two steel inputs, giving pig iron a growing premium to scrap. Over the last few weeks the spread between the adjusted CFR Turkey pig iron assessment and CFR Turkey scrap assessment kept in the range $25-$32/mt, …
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Published date: 14 March 2024 Global prices for basic pig iron (BPI) stagnated on minimal trading activity over the past week as most sellers and buyers adopted a wait-and-see stance amid uncertainty over near-term direction of the market, which has remained under pressure from a downturn in most adjacent ferrous sectors, including scrap and steel.
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The average Brazilian pig iron export price is at $525/tonne fob Brazil. &ld… This article contains premium data. It is only available for active subscribers and clients currently on trial.
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Platts weekly Black Sea pig iron price assessment stood on Friday at $255-$265/mt FOB Black Sea, indicating the mid-point of $260/mt, $15/mt down on week. Turkish steelmakers were said to be particular bearish on pig iron prices on the back of strong pressure on the finished steel prices and anticipated corrections in scrap …
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Meanwhile another supplier from Russia said that the resumption of scrap imports to China and the resulting increase in scrap prices could push pig iron prices up to $600 per tonne fob. "I don't think China will be as big of a factor next year in the pig iron market based on what's happening with their scrap market," one buyer from the ...
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Brazilian pig iron prices increased $30/t MoM in the North and South to $463/t and $435/t FOB, respectively. Despite mills decreasing consumption at the end of this year, export lead times extended. In the US, pig iron prices increased $40/t MoM to $480/t CFR NOLA on the back of higher scrap prices and tightened supply from Brazil.
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The DRI implied cost spread with Black Sea pig iron narrowed further in June to build on the trend in April and May, with regional pig iron pricing tracking declines to scrap prices …
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SteelOrbis provides the latest scrap & raw materials prices and price trends via the scrap & raw materials price reports and market analyses listed below. These scrap & raw materials price reports are derived from actual scrap & raw materials market transactions and they can also be viewed on a weekly basis by using the archive drop …
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Black and Azov sea pig iron prices have taken a slight dip on the back of the bearish sentiment in the iron ore and scrap markets and the risks created by the unsettled situation eastern Ukraine, market watchers said Friday.
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China needs a better scrap iron collection and transport system, says Morgan Stanley. AFP PHOTO/Mark RALSTON via Getty Images) Iron ore, which has consistently traded above $100 a tonne for the ...
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Prices are collected from scrap yards directly and updated bi-weekly. "Average Price" indicates the average iron scrap price paid by all scrap yards in Canadian cities listed. "High Price" indicates the average for the highest iron scrap price paid by all scrap yards in Canadian cities listed. "Low Price" indicates the average for the lowest ...
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The price and availability of raw materials, particularly coke and iron ore, have a significant impact on pig iron rates. The fluctuations observed in these prices can be attributed to …
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Black Sea pig iron export prices to Turkey HMS scrap increased to a 1.10:1 ratio on Sep. 17, from a 1.07:1 ratio on Sept. 10, with both pig iron and scrap prices relatively weak compared with August's averages. In the US, import pig iron prices held at a 0.89:1 price ratio to MW No. 1 busheling scrap on Sept. 17 after weakening in …
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Black Sea basic pig iron export prices followed scrap and iron ore lower this week, with Platts assessment sliding 5 from last week to 382/mt FOB. Explorar S&P Global S&P Global
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Black Sea pig iron export prices saw a slight uptick last week, primarily driven by elevated imported scrap prices in Turkey. The absence of typically lower-priced Donbas suppliers …
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The spread between DRI costs, scrap prices and pig iron prices may remain tight, due to high iron ore base prices, with 65% Fe IOCJ fines product from Vale trading at $107.10/dry mt CFR China on Tuesday.
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Black Sea basic pig iron export prices followed scrap and iron ore lower this week, with Platts assessment sliding 5 from last week to 382/mt FOB.
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Iron ore is melted in blast furnaces to make pig iron, an important raw material for the production of steel. Molten metal is the initial state that occurs before it is processed to form cast iron or steel. The term "pig iron" comes from old casting molds that were shaped like pigs.
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See current scrap price for Cast Iron as of July 31, 2024. Check 30-day price chart for Cast Iron and learn when to hold or sell your scrap metal. Price available for United States & Canada.
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CIS pig iron export prices have received a welcome boost from Vale's iron ore supply disruption, as well as from fresh seasonal demand from the United States. Kallanish assessed its newly-launched weekly fob Black Sea pig iron price at $340/tonne on Friday, an increase of around $10/t on-week, pegged by several sales at higher levels.
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Iron ore, which is the main raw material in pig iron production, jumped to a record price of $235/mt in May 2021. However, in March, with the Chinese government issuing a second-level pollution alert urging steelmakers and coking plants to cut production, iron ore demand in China slowed down significantly, with iron prices …
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According to sources, ex-CIS basic steelmaking pig iron deals in the US were concluded in late January at around $390-395/mt CFR US port, which ...
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The given India Iron prices are compiled from pricing lists from various manufacturers and India metal market data. The prices are updated regularly and are solely for reference. Iron Scrap Price
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