Trading activity in the United States has slowed down in the pig iron market since buyers restocked early in May. They are expected to resume purchases later in June, when the trend in the scrap market becomes clear, Metal Bulletin was told on Friday June 1.
"Further developments will depend on decisions about trade regulations in the US [after it imposed its threatened 25% import tariff on steel products from Canada, Mexico and the EU, beginning on June 1] and the scrap trend in the US for June,"...