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Brazilian pig iron exports drop 7.3 percent in February from January levels-Forging Exhibition-2026 China(Guangzhou)International Forging Industry Exhibition
3/10/2026 锻造展-forging expo-forging exhibition--forging event |
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Brazilian exports of pig iron for February declined 7.3 percent on a monthly basis to 377,800 metric tons (mt).against a reported total of 407,700 mt for January, according to the Brazilian Secretariat of Foreign Trade(SECEX), part of the Ministry of Industry, Development and Foreign Trade.
The month-on-month decline reflects lower volume exports to Europe and negative exports to Mexico, SECEXsaid.
The destinations in February were the US (334,200 mt at $404/mt), The Netherlands (41,100 mt at $431/mt)Asia (2,300 mt at $485/mt), and Argentina (200 mt at $684/mt), FOB conditions.
The exports were from producers in the southeastern state of Minas Gerais (188,00 mt, from Mato Grosso doSul, in the central-western region (114,200 mt) and Maranhao, in the North (75,000 mt).
Such prices were probably negotiated in December 2025, with indications of the BPI grade price below $430/mt,and the foundry grade price above that level, industry insiders told SteelOrbis.
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