US PIG IRON: Market muted as steel market remains weak

The import pig iron market in the United States remained quiet over the week ended Friday August 14, with the steel market depressed and buyers not ready to pay as much for pig iron as buyers in China.

Fastmarkets’ weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was $340-345 per tonne on Friday, unchanged week on week.

One buyer in the US estimated that the spot market price in the US would be about $345-350 per tonne cfr. But other sources have said that the...


Marina Shulga

August 14, 2020

17:17 GMT