The US is the largest global importer of pig iron.
Fastmarkets’ weekly price assessment for high-manganese
pig iron, export, fob main port Black Sea, CIS, declined to $270-280 per tonne on Thursday,
from $290-295 per tonne a week earlier.
“Trade will resume when the first deal [is agreed] to the US and it becomes clear how low [the price of] pig iron has dropped,” one trader said.
“Now there is a [scrap] buying week in the US, and it seems that the scrap price will...
