US PIG IRON: Market up due to bullish suppliers, increased demand

The United States' pig iron import prices rose further during the week to Friday May 14, with suppliers bullish amid increased demand due to buyers' need to restock.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $640-650 per tonne on Friday, up by $15-20 from $620-635 per tonne the previous week.
Offers from Russia was heard in excess of $700 per tonne cfr due to low availability and strong prices in the steel market.

One supplier was...

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