US PIG IRON: Suppliers’ position strengthens on reduced availability

Import pig iron prices in the United States picked up in the week ended Friday July 12 on reduced availability from the Commonwealth of Independent States, sources have told Fastmarkets.

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 to have reduced...

Published

Marina Shulga

July 12, 2019

18:41 GMT

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