US PIG IRON: Prices under pressure from bearish scrap market

Pig iron import prices in the United States have softened under a bearish mood in the scrap market, sources told Fastmarkets on Friday January 24.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $345-350 per tonne on Friday, widening downward from $350 per tonne a week earlier.
Several bookings of Russia-origin material were heard at $345-348 per tonne cfr.

“Deals at $350 [per tonne cfr] were possible before the scrap market drop,” one trader said....

Published

Marina Shulga

January 24, 2020

18:36 GMT

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