US PIG IRON: Spot market still dead on low utilization rates

No negotiations were again reported in the United States’ spot pig iron market during the week ended Friday August 7, because steel mills’ utilization rates remained low, Fastmarkets understands.

But one deal was heard under long-term agreement at $340 per tonne cfr from Brazil.
That would be “more or less in line with the spot market level,” one buyer said.

Meanwhile, other sources estimated that the workable level in the...


Marina Shulga

August 07, 2020

18:44 GMT