US PIG IRON: Buyers accept higher pig iron prices

Buyers in the United States continued to book pig iron during the week ended Friday March 22 at prices higher than those heard in February, due to a stronger scrap market and lower material availability, Fastmarkets has learned.

Fastmarkets’ import price assessment for pig iron in the US was unchanged week on week at $365-370 per tonne cfr on March 22. Several cargoes were heard to have been booked from Russia at $365-370 per tonne cfr, sources said. That was in line with the purchase of Ukraine-origin pig iron a week earlier at $370 per tonne cfr. This meant that CIS-origin pig iron booking prices have increased by around $10 per tonne compared with deals done in February, amid stronger prices for scrap, which is a potential alternative product to pig...

Published

Marina Shulga

March 22, 2019

21:48 GMT

Dnepr