U.S. Pig iron Imports Rise in November'18

United States has imported about 0.61 MnT Pig iron in Nov'18, the recent released data by US custom showed.

The imports by the nation recorded a surge of 56.41% M-o-M against 0.39 MnT in Oct'18. During Nov'18, Russia has exported approximately 60% Pig Iron (0.37 MnT) to the nation. While on yearly basis, Pig iron imports by the nation rise by 52.5% in Nov'18 as against 0.40 MnT in Nov'17.

In CY18 (Jan-Nov), the nation has imported about 5.34 MnT Pig Iron; surge by 10.55% as compared to 4.83 MnT in the same preceding last year. Russia, Ukraine & Brazil was the major Pig Iron exporter to United States which exported about 2.89 MnT (54.13%), 1.65 MnT (30.88%) & 0.56 MnT (10.45%), respectively.

As per the SteelMint analysis, in the month of Nov'18, the crude steel production of United States was around 7.43 MnT, decline by 1.84% M-o-M against 7.57 MnT in Oct'18 and in CY18 (Jan-Dec) it was approximately 85.96 MnT, surge by 4.89% against 81.95 MnT in CY17 (Jan-Dec).

In context to export prices, global offers for steel grade pig Iron is assessed at USD 340-350/MT FoB India, USD 320-330/MT FoB Black Sea & USD 310-320/MT FOB Brazil.

USA Billet imports

United States Billet imports plunged by 42.83% & stood at 0.36 MnT in Nov'18. Brazil has exported approximately 0.10 MT billets to USA, decline by 76% against 0.42 MT in Oct'18. Inline billet imports from Mexico fall by 33% & stood at 0.06 MnT in Nov'18 as against 0.09 MnT in Oct'18.

The export offers of 150*150 IS 2830 grade billet are currently at USD 420-430/MT FoB India, 125*125 3SP at USD 430-440/MT FoB Ukraine & 150*150 Q235 are at USD 455-465/MT FoB China.