The pig iron market in the United States weakened further in the week to Friday April 3, pressured lower by a depressed scrap market and weak demand among mills that have cut steel output.
Fastmarkets' price assessment of pig iron, import, cfr Gulf of Mexico, US was $290-300 per tonne on Friday, down from $320-325 per tonne a week earlier."Steel producers in the US cut production a lot because end-user demand is almost killed by the quarantine measures,"...