Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US
, was $360 per tonne on Friday, up from $350-355 per tonne a week before.
“There is deferred demand for pig iron in the US, while we [suppliers in the CIS] have reduced availability of material,” one supplier said. “We can’t [accept] low pig iron prices any longer, considering the growth in iron ore costs.”
The two biggest pig iron suppliers, Tulachermet and Metalloinvest, were heard...