US PIG IRON: Market silent but indicators continue to increase

The pig iron import market in the United States was silent during the week to Friday April 30, although market indicators such as hot-rolled coil prices continued to increase.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $585-595 per tonne on Friday, up by $10 per tonne from $575-585 per tonne the previous week.

“It was predictable that the market would be silent this week, because scrap-buying week is coming and the trend in the scrap market [a relative substitute for...

Published

Marina Shulga

April 30, 2021

17:25 GMT

Dnipro