US PIG IRON: Market up on higher scrap prices

The pig iron import market in the United States strengthened in the week ended Friday November 8 on higher scrap prices, sources told Fastmarkets.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne, up from $310-312 per tonne a week earlier.

“The scrap price has rebounded by $20 [per gross ton]; that will support pig iron prices,” one buyer in the US said. “Although, the pig iron price will go up not so much, because...


Marina Shulga

November 08, 2019

17:49 GMT