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The fast dismantling of the Venezuelan HBI industry: lack of pellets, credit and confidence

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Listen: The fast dismantling of the Venezuelan HBI industry: lack of pellets, credit and confidence

The number of factors hampering trade of Venezuelan HBI seems unlimited, and its relevance to the global industry is disappearing as it has been working at much-reduced rates for years. Moreover, reduced steel production and raw material demand from its main consumers -- Italy and Turkey -- may continue adding pressure on Venezuelan HBI prices.

Adriana Carvalho and Guilherme Baida of the S&P Global Platts metals team in Sao Paulo discuss the key factors that market participants will be watching in 2019.

Steel Markets Daily

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