Price notice: Correction to basic pig iron

Due to an input error, Fastmarkets’ prices for Brazil- and Ukraine/Russia-origin basic pig iron were incorrectly reported on Tuesday September 7.

The price for pig iron basic grade, Brazil, fob New Orleans was initially published at $530-535 per tonne; that price has since been corrected to $530-560 per tonne, down by 8.40% from $585-605 per tonne the week prior.

The price for pig iron basic grade, Ukraine/Russia, fob New Orleans also was initially published at $530-535 per tonne; that price has since been corrected to $530-560 per tonne, down by 8.59% from $585-610 per tonne the week prior.

Brazilian pig iron (MB-IRO-0078) is cold iron cast into ingots, originating in Brazil and sold as ferrous feedstock, featuring 3.5-4.5% carbon, less than 1.5% silicon, 0.5-1.0% manganese, less than 0.05% sulfur and less than 0.12% phosphorus.

Russian/Ukrainian pig iron (MB-IRO-0079) is cold iron cast into ingots, originating in Russia or Ukraine and sold as ferrous feedstock, featuring 3.5-4.5% carbon, less than 1.5% silicon, 0.5-1.0% manganese, less than 0.05% sulfur and less than 0.12% phosphorus.

For more information, to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this price, please contact Sean Barry at pricing@fastmarkets.com. Please add the subject heading: FAO: pig iron basic grade.

To see all Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology.

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