US PIG IRON: Sentiment boosted by higher scrap prices

December 07, 2019 / www.metalbulletin.com / Article Link

The import pig iron market in the United States was calm during the week ended Friday December 6, but sentiment was positive due to an increase in scrap prices.

Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $330-340 per tonne on Friday, up from $325-326 per tonne a week earlier.

"Higher scrap [prices] will drive pig iron prices up, but it is a question of how much," one buyer in the US...

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