US PIG IRON: Market down on lower demand, depressed scrap prices

The pig iron market in the United States weakened further in the week to Friday April 3, pressured lower by a depressed scrap market and weak demand among mills that have cut steel output.

Fastmarkets’ price assessment of pig iron, import, cfr Gulf of Mexico, US was $290-300 per tonne on Friday, down from $320-325 per tonne a week earlier.

"Steel producers in the US cut production a lot because end-user demand is almost killed by the quarantine measures,"...

Published

Marina Shulga

April 03, 2020

16:40 GMT

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