US PIG IRON: Market dead on weak demand, active other outlets

The pig iron market in the United States was dead during the week to Friday April 17, with buyers showing little interest in purchases while suppliers were not in a rush to stimulate sales by lowering offers to other outlets.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was stable week on week at $285-290 per tonne on Friday.
"The steel mills [which are the main pig iron buyers in the US] are all running around 50-60% [of capacity] now and expect May to be worse," one buyer in the US said.

Crude steel production in the US has fallen to a more than 10-year low; output...

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