US PIG IRON: Market weak due to uncertainty in scrap, long holiday weekend

The pig iron market in the United States was quiet in the week to Thursday April 9 because domestic scrap prices had not been settled and the work week was shorter due to Good Friday.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $285-290 per tonne on Thursday, down from $290-300 per tonne a week earlier.
"Trade in the US [pig iron] market will resume only when we know scrap prices for April," one buyer said.

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