US PIG IRON: Market stalled by scrap price drop confusion

The pig iron market in the United States was confused by heavy drop in the scrap market in the week ended Friday January 11, and both buyers and sellers preferred to wait until the situation in the market became clearer.

Fastmarkets’ import price assessment for pig iron in the US fell to $350-360 per tonne cfr on Friday, down from $365 per tonne cfr a week earlier. Offers from some pig iron suppliers from the Commonwealth of Independent States reduced to $360-365 per tonne cfr. Other suppliers preferred to stay out of the market...


Marina Shulga

January 11, 2019

20:20 GMT