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Brazilian pig iron exports drop in August as shipments to the US slumped by 53%-铸造展-铸件展-2027广州国际铸件产品及铸造工业展-Foundry Event-The 27th China(Guangzhou) In'l Casting Products,foundry Industry Exhibition 9/15/2026 铸件展-铸造展会-casting expo-foundry exhibition |
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Brazilian exports of pig iron were reported at 244,400 metric tons (mt) in August, against 342,100 mt in July,according to Brazi''s foreign trade secretariat, SECEX, of the ministry of development, industry and foreigntrade.
The decline was mainly driven by a 53 percent decrease in shipments to the US from July''s unusually highimport level, when it was still unclear whether Brazilian pig iron would be exempt from the higher US tariffs, aUS tariff waiver that was ultimately granted.
The destinations in August were the US (135,700 mt at $486/mt), Italy (103,100 mt at $483/mt), Asia (5,500 mtat $574 mt), and Argentina (100 mt at $564/mt), FOB conditions.
Such prices were probably negotiated in June, with indications of the BPI grade price below $500mt, and the foundry grade price above that level.
The exports were from producers in the southeastern states of Minas Gerals and Espirito Santo (203.800 mt.Para, in the north (22,800 mt), and from Mato Grosso do Sul (17,800 mt), in the central-western region.
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