US PIG IRON: Market muted on high prices

The pig iron market in the United States was silent during the week ended Friday July 17, with prices considered high compared with those for ferrous scrap and hot-rolled coil.

Fastmarkets’ weekly price assessment for pig iron, import, cfr Gulf of Mexico, US was unchanged at $330 per tonne on Friday, in line with the latest deal done in the market during the week to July 10.
No interest was reported for pig iron purchases at this level this past week, however.

“With capacity utilization as low as it is, I do not see...

Published

Marina Shulga

July 17, 2020

17:48 GMT

Dnepr