Steel Products Prices North America
February 2, 2021
Competitive Dynamics Changing in the Pig Iron Market?
Written by Tim Triplett
As lower-emission electric arc furnace (EAF) mills become the predominant steelmaking method in the United States and other parts of the world, demand for pig iron, used to dilute the inclusions in melted scrap, will only grow. This trend has fueled speculation that integrated producers in the U.S. may repurpose idled blast furnaces for commercial pig iron production. Which raises a competitive question: Would EAF mills be reluctant to buy pig iron, and become reliant, on a competitor?
Steve Miller, an industry veteran and periodic contributor to Steel Market Update, offers the following perspective on the global pig iron market:
