Buyers in the United States continued to book pig iron during the week ended Friday March 22 at prices higher than those heard in February, due to a stronger scrap market and lower material availability, Fastmarkest has learned.
Fastmarkets' import price assessment for pig iron in the US was unchanged week on week at $365-370 per tonne cfr on March 22.Several cargoes were heard to have been booked from Russia at $365-370 per tonne cfr, sources said. That was in line with the purchase of Ukraine-origin pig iron a week earlier at $370 per tonne cfr.This meant that CIS-origin pig iron booking prices have increased by around $10 per tonne compared with deals done in February, amid stronger prices for scrap, which is a potential alternative product to pig...