US mill paying higher price for Brazil pig iron

Brazilian pig iron producers from the Carajás region have closed an export deal to the United States at $20 per tonne higher than the previous transaction price, industry sources said.

The deal was completed with a major U.S. mini-mill at around $290 per tonne f.o.b., which U.S. industry sources said translates to about $320 a tonne delivered to New Orleans. The...

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