U.S. Pig iron Imports Recorded 2-month low in August 2018

United States Pig iron imports reported fall by around 185,000 MT (34% M-o-M) in Aug'18 & recorded two month low, the recent released data by US customs showed.

The nation has imported about 347,263 MT Pig iron in Aug'18 as against 532,142 MT in Jul'18. While, on yearly basis, imports surge by 33% & stood at 519,464 MT in Aug'17.

During the period of Jan-Aug'18, the largest exporter of Pig iron to United States was Russia, whose export to the nation was recorded at 1,963,723 MT against 2,019,508 MT in the same duration in CY17, which was fall by around 3% Y-o-Y.

Russia has contributed around 51.26% of Pig iron exports to United States in Jan-Aug, followed by major exporters like - Ukraine (1,278,436 MT), Brazil (396,105 MT), South Africa (122,442 MT) & Latvia (39,840 MT).

-- The crude steel production of United States was around 7.46 MnT in Aug'18 higher by 2.47% against 7.28 MnT in Jul'18. Meanwhile, in CY18(Jan-Aug) the figure of crude steel production stood at 56.15 MnT, & 81.95 MnT in CY17.

-- Presently, the export offers of basic grade Pig Iron are assessed at USD 365-370/MT FoB Black Sea, USD 360-365/MT FoB Brazil & USD 388-390/MT FoB India.

USA Billet imports

United States Billet imports inch up by 2.16% & stood at 615457 MT in Aug'18. Brazil has exported approximately 71% (436,045 MT) billets to USA, incline by 11.44% against 391,268 MT in July'18. Inline billet imports from Russia rise by 41% & stood at 166,979 MT in Aug'18 as against 118,486 MT in Jul'18.

The export offers of 150*150 IS 2830 grade billet are currently at USD 455-465/MT FoB India, 125*125 3SP at USD 455-465/MT FoB Ukraine & 150*150 Q235 are at USD 520-530/MT FoB China.