The level of activity in the United States' pig iron market was lower than market sources expected after the recent scrap price increase because buyers replenished their stocks several weeks ago, Fastmarkets heard on Friday October 12.
Last week, the only deal heard was for Southern Brazilian pig iron with high phosphorous content, at $373-375 per tonne cfr.Fastmarkets' price assessment for US imports of pig iron widened downward to $375-390 per tonne cfr on October 12, from $380-390 per tonne a week before."We are increasing offer prices for...