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World Pig Iron Prices | Brazil, CIS & Turkey

Pig Iron Price Archive 2010–2025

Pig iron ingots stacked in a steel foundry inventory

Pig iron is a crude form of iron that is produced by smelting iron ore in a blast furnace. It is an intermediate product in the steelmaking process and contains a high percentage of carbon (typically 3.5–4.5%), along with other impurities such as silicon, manganese, sulphur and phosphorus. Due to its high carbon content, pig iron is brittle and is therefore not directly useful for most industrial applications.

The main use of pig iron is as a steelmaking raw material. Other uses include the manufacturing of cast iron – for example, for the production of engine blocks.


Important Notice:

This pig iron price data page will no longer be updated after October 2025. Historical data will remain available for reference. For current steel market intelligence, please visit CRU, MEPS International or SteelOrbis.

Pig Iron Prices (US$/t)
MonthBrazil (FOB)Russia (FOB)Ukraine (FOB)Turkey (CIF)
Sep 2025408–––
Aug 2025401––357
Jul 2025427–398368
Jun 2025431–401355
May 2025429–396371
Apr 2025411–390362
Mar 2025412–395358
Feb 2025408–365379
Jan 2025440–401383
Dec 2024445–394371
Nov 2024442–399394
Oct 2024445–392395
Sep 2024442–393427
Aug 2024450–409432
Jul 2024446–393436
Jun 2024438–397419
May 2024433–387436
Apr 2024450–378584
Mar 2024437398389434
Feb 2024430375375427
Jan 2024420376352425
Dec 2023407366360411
Nov 2023408370351412
Oct 2023420351329412

Swipe the table sideways for more columns; the first column stays in place.

Show earlier months, 2010–2023
Pig Iron Prices, 2010–2023 (US$/t)
MonthBrazil (FOB)Russia (FOB)Ukraine (FOB)Turkey (CIF)
Sep 2023435365394417
Aug 2023449–339449
Jul 2023507399354408
Jun 2023505418385444
May 2023497417422477
Apr 2023487379438493
Mar 2023486391383471
Feb 2023470367367436
Jan 2023559359359434
Dec 2022487387370448
Nov 2022643397364463
Oct 2022620386328474
Sep 2022704456375468
Aug 2022770555515511
Jul 2022831520616535
Jun 2022761505620675
May 2022598521656728
Apr 2022596528755645
Mar 2022541512562630
Feb 2022522495482570
Jan 2022789532481587
Dec 2021520528460580
Nov 2021522555474587
Oct 2021538618498580
Sep 2021625629516611
Aug 2021576654575621
Jul 2021539573590631
Jun 2021520478537587
May 2021508485528563
Apr 2021489440508529
Mar 2021441379504489
Feb 2021429368403515
Jan 2021353351401413
Dec 2020324322347420
Nov 2020322312329351
Oct 2020324273266352
Sep 2020292301300338
Aug 2020276306283322
Jul 2020285322269309
Jun 2020303304264303
May 2020311310272308
Apr 2020300309292341
Mar 2020314302296296
Feb 2020297323296332
Jan 2020291304305324
Dec 2019279296274322
Nov 2019313320270334
Oct 2019316336307350
Sep 2019328335319380
Aug 2019355324315385
Jul 2019332337316374
Jun 2019370341321364
May 2019369346326358
Apr 2019342351331360
Mar 2019345345313363
Feb 2019383356314359
Jan 2019382365344379
Dec 2018381364342391
Nov 2018410382349393
Oct 2018421392358394
Sep 2018391394363412
Aug 2018415399373407
Jul 2018433370368408
Jun 2018396377371396
May 2018387399350406
Apr 2018381387330376
Mar 2018370334341377
Feb 2018381352329370
Jan 2018357379325380
Dec 2017366316324370
Nov 2017353365325364
Oct 2017353356333375
Sep 2017349345319373
Aug 2017364359315365
Jul 2017359369324350
Jun 2017349365333357
May 2017319346331378
Apr 2017307339305358
Mar 2017313316280328
Feb 2017296303293322
Jan 2017276316284305
Dec 2016249271259293
Nov 2016255245227264
Oct 2016266257229272
Sep 2016261241226261
Aug 2016272273230271
Jul 2016261248246259
Jun 2016225224229278
May 2016212202227247
Apr 2016212195184237
Mar 2016198182175211
Feb 2016214199164209
Jan 2016252203167215
Dec 2015181174169204
Nov 2015222201184213
Oct 2015246255209265
Sep 2015280233228295
Aug 2015264273243301
Jul 2015279253252316
Jun 2015259258252299
May 2015278283247325
Apr 2015291288238330
Mar 2015338313280340
Feb 2015342351306414
Jan 2015389365320390
Dec 2014384381334446
Nov 2014388385365441
Oct 2014403393360441
Sep 2014390379372427
Aug 2014415392360417
Jul 2014404407365434
Jun 2014397385368427
May 2014426396356419
Apr 2014401402361422
Mar 2014397386375441
Feb 2014405384376423
Jan 2014397396373430
Dec 2013394382371410
Nov 2013387395368413
Oct 2013394401376592
Sep 2013398387365442
Aug 2013384393354413
Jul 2013405405356453
Jun 2013413387372444
May 2013414397372431
Apr 2013412379371437
Mar 2013401373364422
Feb 2013389384350416
Jan 2013387370343397
Dec 2012385366332383
Nov 2012402408350385
Oct 2012420374360405
Sep 2012427402360444
Aug 2012446419375451
Jul 2012481442411455
Jun 2012474447438494
May 2012484453423495
Apr 2012469428428478
Mar 2012474435402492
Feb 2012449434401480
Jan 2012442443411468
Dec 2011450455413483
Nov 2011512494451520
Oct 2011502529472548
Sep 2011530493481537
Aug 2011538510479539
Jul 2011492491483555
Jun 2011519491479543
May 2011519465469544
Apr 2011503473461548
Mar 2011482462464536
Feb 2011446424443515
Jan 2011438394424499
Dec 2010421405389454
Nov 2010425466390455
Oct 2010455393403467
Sep 2010455415402460
Aug 2010463402406470
Jul 2010476414435480
Jun 2010483399460502
May 2010407391459523
Apr 2010417345360432
Mar 2010390288319392
Feb 2010338261260391
Jan 2010334235266327

Swipe the table sideways for more columns; the first column stays in place.

Average monthly prices: FOB exports from Brazil, Russia and Ukraine; CIF imports into Turkey. Source: ISSB (customs data, HS code 720110). – = no data. Data as of October 2025 (final update).


Notes and definitions

The pig iron prices above are average monthly fob export [not spot prices] for pig iron shipped from Brazil, Russia or Ukraine; or cif import prices for pig iron imported into Turkey. All prices are expressed in US$/t.

Pig iron data is for harmonised system code #720110 which is defined as haematite pig / cast iron with phosphorus content of 0.5% by weight or less.

Note that latest price points (the last two months in particular) for each country may change, as additional customs data becomes available.

In recent years the world's largest exporters of pig iron have included Russia, Ukraine and Brazil. The world's largest importer is presently the United States of America.


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