The Brazilian exports of pig iron have reached 203,000 mt in November against 450,600 mt in October.
This volume is the lowest monthly in the year, reflecting logistic problems derived from the rainy season in both south and north regions.
The destinations in November were the US (192,400 mt at $439/mt), The Netherlands (7,400mt at $468/mt), Asia (3,000 mt at $520/mt), and Argentina (200 mt at $790/mt), FOB conditions.
The shipments were from independent producers in the southeastern states of Minas Gerais and Espírito Santo (149,800 mt), and from the northern state of Pará (53,200 mt at $454/mt).
Such prices were probably negotiated in September, with indications of the BPI grade price in the $430-470/mt range, and the foundry grade product above $500/mt, FOB conditions.