Buyers in the United States resumed pig iron purchases at higher prices in the week to Friday November 15, due to the improving scrap and hot-rolled coil markets.
Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $323-327 per tonne, up from $320-325 per tonne a week earlier.Several bookings of Russia-origin pig iron were heard at $323-327 per tonne cfr for December shipment, up compared with bookings in mid October, which were done at an average...