Workable prices for pig iron buyers in the United States have declined after first scrap deals were concluded at lower prices, but no reduced offers have been heard, market sources told Fastmarkets on Friday October 4.
Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $290-300 per tonne on October 4, down from $300-315 per tonne the previous week. "I would be looking for $270-280 [per tonne cfr] for pig iron, with $270 [per tonne cfr] being the more realistic price considering where steel prices are heading and where scrap is this...