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US pig iron prices fell to 428-435 per lt, f.o.b. barge New Orleans compared to $435-438 the week before. A major US mill reportedly booked 50,000 mt for June delivery from the Russian producer, Ural, at $418 per mt, c.i.f. New Orleans. The previous week, US mills are believed to have paid $425-427 per mt for similar quantities. The US scrap market is weak. The export market for US scrap is down. There is minimal activity in Asia, traders said. Brazilian pig iron producers cannot compete against Russia and the Ukraine on price in the US or Asia. Venezuelan HBI producers are holding out for $320 per mt, f.o.b. Venezuela. US consumers, however, will not pay that price which is $350, including freight.