US PIG IRON: Market down on low demand, weak scrap

The import pig iron market in the United States weakened during the week to Friday August 27 on low demand and a weak scrap market, which adds pessimism to buyers.

Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US was $545-550 per tonne on Friday, down $15-30 from $560-580 per tonne cfr a week before.

“Everyone was well covered [with pig iron] and then some panicked and bought extra...

Published

Marina Shulga

August 27, 2021

17:04 GMT

Dnipro