Published by:Marina Shulga<>
7 Apr 2025 @ 16:44 UTC
The pig iron import market in the United States was paralyzed in the week to Friday April 4 after the US introduced new tariffs and sparked uncertainty around the world.

Apparently the language [of the announced tariffs] specifically forbids any exclusions, but we know that critical minerals are still excluded and some think pig iron could be excluded at some point – even if not initially, one buyer in the US said. It is all still very confusing and uncertain so far.
On April 2, US president Donald Trumpintroduced tariffs for nearly every trading partner, with regular pig iron suppliers Ukraine and Brazil among those countries subject to the minimum baseline tariff of 10%.
Several suppliers said that the market was frozen in the week to Friday because of a lack of confidence about how the tariffs will work and what impact that might eventually have.
Suppliers and buyers estimated the workable level as unchanged at around $480-485 per tonne CFR on Friday.
And Fastmarkets’ weekly price assessment forpig iron, import, cfr Gulf of Mexico, US, was also $480-485 per tonne on Friday, unchanged since March 14.
The corresponding price assessment forpig iron, export, fob Ponta da Madeira, Brazil, was $460-465 per tonne on Friday, also stable since March 14, in line with the US import price.
There is no difference what offer I have now; no one cares about prices these days, one supplier from Brazil said.
The latest offers came in at $450 per tonne FOB, while sales were concluded at $445-450 per tonne FOB in late March.
Fastmarkets’ weekly price assessment forpig iron, export, fob port of Vitoria/Rio, Brazil, was $445-450 per tonne on Friday, stable since March 21.