The falling scrap market pushed prices for CIS-origin pig iron down during the week ended Thursday February 1, Metal Bulletin has heard.
"The market has weakened, and producers can no longer keep pig iron prices high while the scrap market is crashing," a trader told Metal Bulletin.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region fell to $350-375 per tonne fob Black Sea on February 1, from $360-380 per tonne fob Black Sea last week.Metal Bulletin's daily index for US-origin scrap was...