The workable price for pig iron in the United States fell in the week to Friday May 31, mainly due to reduced demand for hot-rolled coil, sources told Fastmarkets.
Earlier in the week, several pig iron cargoes were booked from Russia and Ukraine at about $350-355 per tonne cfr, which was slightly down on bookings in earlier in May, which were done at around $355 per tonne cfr. But US mills were now struggling for HRC orders "so there is no chance that the pig iron price will stay at its...