The pig iron import market in the United States declined further due to a sharp drop in ferrous scrap prices, with a low booking price for material originating from Brazil reported.
Metal Bulletin's assessment for US imports of pig iron decreased to $390-395 per tonne cfr on Friday September 7 from at $395-398 per tonne cfr a week earlier. A $20-30-per-tonne drop in US prime scrap prices for this month was the key reason for the softening in the market."The pig iron price will not fall as...