The pig iron market in the United States was stable this week, with the scrap market said to be around the bottom while the cost of iron ore continued to increase, Fastmarkets heard on Friday May 17.
Fastmarkets' import price assessment for pig iron in the US was $355 per tonne cfr on May 17, narrowing downward from $355-360 per tonne cfr last week.One pig iron cargo was booked from Russia at $355 per tonne cfr. That was in...