US PIG IRON: Prices fall as weak HRC market reduces demand

The workable price for pig iron in the United States fell in the week to Friday May 31, mainly due to reduced demand for hot-rolled coil, sources told Fastmarkets.

Earlier in the week, several pig iron cargoes were booked from Russia and Ukraine at about $350-355 per tonne cfr, which was slightly down on bookings in earlier in May, which were done at around $355 per tonne cfr. But US mills were now struggling for HRC orders “so there is no chance that the pig iron price will stay at its...

Published

Marina Shulga

May 31, 2019

21:15 GMT

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