US PIG IRON: Market weakens on general economic slowdown

The pig iron market in the United States has weakened further due to the general economic slowdown caused by the novel coronavirus (2019-nCoV) pandemic, sources told Fastmarkets in the week to Friday March 20.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $330-340 per tonne on Friday, down from $345-350 per tonne a week ago.

“Scrap prices will go down at least by $30-40 [per gross...


Marina Shulga

March 20, 2020

18:17 GMT