Brazilian pig iron exports reached 267,200 mt in April, nearly 7 percent less than March’s total of 287,000 mt, based on an absence of shipments to Europe, according to data from SECEX, the Brazilian foreign trade secretariat of the ministry of development, industry and foreign trade.
SECEX data shows 35,700 mt of Brazilian pig iron exports failed to ship to Europe during the month of March, while February accounted for 377,800 mt, and January, 407,700 mt.
The destinations in April were the US (259,100 mt at $428/mt), Asia (5,100 mt at $510 mt), and Argentina (3,000 mt at $393/mt), FOB conditions.
Such prices were probably negotiated in February, with indications of the BPI grade price below $434/mt, and the foundry grade price above that level, market insiders told SteelOrbis.
The exports were from producers in the southeastern states of Minas Gerais and Espírito Santo (221,100 mt), and from Mato Grosso do Sul (46,100 mt), in the central-western region of Brazil.
