US pig iron import market drops on lower-priced deals from Brazil

Pig iron import prices in the United States fell sharply in the week ended on Friday January 29, with at least one deal reported for Brazil-origin material.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $500-510 per tonne on Friday, down by $65-75 from $575 per tonne the previous week.
After several weeks of a quiet market, information started to circulate about a major US steelmaker purchasing Brazil-origin pig iron at around $500-510 per tonne cfr.

The batch,...

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