Pig iron producer restart in north Brazil could have minor impact on market

Gusa Brasil, formerly knows as Sidepar, partly restarted operations in the state of Pará in northern Brazil in early January, with the first pig-iron sale made in the middle of the month, sources told Fastmarkets.

The restart will add a small tonnage to the pig iron market, however, so participants only expect a minor impact, Fastmarkets was told.

"Pig iron prices have improved so that makes it reasonable to restart production now,” one Brazilian pig iron producer said.

Fastmarkets’ average price assessment for pig iron export, fob Ponta da Madeira went up to $335.30 per tonne in 2019.