US PIG IRON: Market slides after briefly overtaking China prices

Early during the week to Friday September 25, pig iron import deal prices in the United States overtook the market level in China, which had been driving the global market since March, but eased later in the assessment period.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US softened to $380-387 per tonne on Friday from $385-387 per tonne one week earlier.
One spot booking of Russia-origin material was done at $385-387 per tonne cfr early this week.
Several bookings under long-term agreements were also reported at the same level.

“A US [buyer] paid $387 per...

Published

Marina Shulga

September 25, 2020

16:12 GMT

London