Trasteel sells largest ever CME EU HRC option contract
Release Date:
2025-09-09
The Brazilian exports of pig iron have reached 288,400 mt of pig iron, against 555,100 mt in july, according to the foreign tradeauthority, SECEX.
The decline is because companies shipped August volumes to the US in july to avoid tariffs that were ultimately not imposed
The destinations of August were the US (down by 60 percent from July to 196,500 mt, at $403/mt), Europe (45,400 mt at $437/mt).Argentina (44,000 mt at $351/mt), and Asia (2.400 mt at $502/mt), FOB conditions. A smallvolume was exported to Australia
The shipments were from independent producers in the southeastern states of Minas Gerais and Espirito Santo (175,700 mt), fromPara, in the north (59.000 mt) and from the central-western state of Mato Grosso do Sul (53.700 mt).
Such prices were probably negotiated in june, with indications of the BPl grade price in the $406-470/mt range, and the foundrygrade product price above $490/mt.
From: Argus Media
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