The pig iron import market in the United States continues to move down on mixed expectations of the future trends in prices for scrap steel and hot-rolled coil (HRC).
Metal Bulletin's price assessment for US imports of pig iron decreased to $380-385 per tonne cfr on Friday September 21, from $385-390 per tonne cfr a week earlier."I don't see any reason for the pig iron market to stabilize, because I believe that scrap [prices] will weaken further and the flat steel market [for HRC] will continue to move down," one trader told Metal Bulletin.The trader source expected the scrap price to fall because October...