US PIG IRON: Bids slip on falling scrap market; no lower offers yet

Workable prices for pig iron buyers in the United States have declined after first scrap deals were concluded at lower prices, but no reduced offers have been heard, market sources told Fastmarkets on Friday October 4.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $290-300 per tonne on October 4, down from $300-315 per tonne the previous week. 

“I would be looking for $270-280 [per tonne cfr] for pig iron, with $270 [per tonne cfr] being the more realistic price considering where steel prices are heading and...

Published

Marina Shulga

October 07, 2019

13:18 GMT

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