The import market for pig iron in the United States fell in the week ended Friday September 20, with buyers still not ready to resume purchases and expecting lower prices because of the weak scrap sector and planned maintenance outages in December.
Fastmarkets’ price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne on September 20, down from $330-340 per tonne the week before.
Market sources estimated that the workable price for buyers would be $320 per tonne cfr “if someone needed to buy right now, but time works for buyers – the…
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