US PIG IRON: Price growth restrained by earlier overestimation

The pig iron import market in the United States weakened slightly in the week ended Friday December 13, as sources suggested its strength had been restrained because earlier prices had been overestimated compared with scrap.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $328-335 per tonne on Friday, compared with $330-340 per tonne a week earlier.
One booking for Russia-origin pig iron was done at $328 per tonne cfr late last week, for material with December shipment, from a supplier who was earlier reported to have sold out until at least January.

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