US import and Brazil export pig iron markets down on pessimism among buyers
The import pig iron market in the US and the export market in Brazil fell during the week to Friday September 15 because buyers have been pessimistic due to lower scrap prices, weak performance in the hot-rolled coil segment and the United Auto Workers (UAW) strike.
Fastmarkets' price assessment for pig iron import, cfr Gulf of Mexico, US
was $425-430 per tonne on September 15, down from $440-445 per tonne a week before
A US-based pig...