US PIG IRON: Price falls stop despite weak fundamentals, suppliers refocus on China

Pig iron import prices in the United States stopped falling last week, despite weak scrap and hot-rolled coil prices, due to limited availability caused by suppliers focusing on the more lucrative Chinese market.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $290-300 per tonne on October 11, unchanged week on week.
“The pig iron price should go down, considering where steel prices are heading and where scrap is this month,” one buyer in the US said.

The price of Chicago No1 busheling scrap, which is a relative pig iron...

Published

Marina Shulga

October 14, 2019

10:12 GMT

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