US PIG IRON: Market down on economic uncertainty [CORRECTED]

The pig iron market in the United States has weakened during the week to Friday March 13, under pressure from the general economic uncertainty caused by the novel coronavirus (2019-nCoV), sources told Fastmarkets.

Fastmarkets’ price assessment of pig iron, import, cfr Gulf of Mexico, US, was $345-350 per tonne on Friday, down from $360-363 per tonne a week ago.

“We are concerned about the effects of 2019-nCoV on the US economy as we may...

Published

Marina Shulga

March 13, 2020

19:06 GMT

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