US import pig iron market awaits reaction to lower scrap prices; Brazilian exporters fail to increase offers
Lower steel scrap prices in the US caused import pig iron buyers to pause for market reaction and prevented export prices from Brazil from increasing during the week to Friday September 8.
Fastmarkets' price assessment for pig iron import, cfr Gulf of Mexico, US
was $440-445 per tonne on Friday, stable week on week
“Prime scrap is down [by a lot], this...