US pig iron import market drops on lower-priced deals from Brazil

Pig iron import prices in the United States fell sharply in the week ended on Friday January 29, with at least one deal reported for Brazil-origin material.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $500-510 per tonne on Friday, down by $65-75 from $575 per tonne the previous week.
After several weeks of a quiet market, information started to circulate about a major US steelmaker purchasing Brazil-origin pig iron at around $500-510 per tonne cfr.

The batch,...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing