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 it...

Published

Marina Shulga

November 08, 2019

17:49 GMT

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