US PIG IRON: Market down on low demand, weak scrap

August 28, 2021 / www.metalbulletin.com / Article Link

The import pig iron market in the United States weakened during the week to Friday August 27 on low demand and a weak scrap market, which adds pessimism to buyers.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $545-550 per tonne on Friday, down $15-30 from $560-580 per tonne cfr a week before.

"Everyone was well covered [with pig iron] and then some panicked and bought extra...

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