The Brazilian merchant pig iron export market stalled this week following a national bank holiday Thursday.
S&P Global Platts assessed its weekly export price for Brazilian pig iron unchanged at $365/mt, based on a range of $360-$370/mt FOB Southeastern ports.
According to all contacted market participants, market activity halted, but the new round of negotiations may start soon.
Local producers have been sold out until November production.
"Negotiations have not yet been resumed," a trader said. "I think next week business will start over."
