U.S. Scrap Metal Pig Iron Prices Continue Slide
Posted on February 10th, 2009 by admin
U.S. scrap and pig iron prices continued to drop.
Current scrap price on East Coast hit US$230 ~ 240/ton, shredded scrap price at US$220~230/ton, while H1 scrap price reached US$195~205/ ton.
As for the export, because of weak demand in steel products and the cut of steel output, scrap export prices were also very low. The H1&H2 (80:20) mixed scrap exported to Turkey priced at CFR US$265/ton, down by US$15/ton compared with January.
In addition, the price of pig iron exported to Brazil dropped back to US$260/ton.
Source www.yieh.com
Filed under: pig iron
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