US PIG IRON: Market soft before holiday on lower scrap price expectations

The pig iron market in the United States was soft and quiet during the week ended Friday July 3 because of the country’s Independence Day holiday and expectations of lower scrap prices.

Fastmarkets’ weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne on Friday, down by $5 per tonne from $325-330 per tonne a week before.

Sales were heard to the US from the north of Brazil at $320-325 per tonne...

Published

Marina Shulga

July 03, 2020

18:05 GMT

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