The pig iron market in the United States dropped again in the week to Friday March 27, but not as much as buyers anticipated because material availability fell considerably due to heavy sales to China.
Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne on Friday compared with $330-340 per tonne one week prior."Scrap is falling in April by $30-50 per gross ton, depending on grade, and steel prices...