Brazilian exports of pig iron reached 437,500 mt in March, against 207,800 mt in February, according to customs data.
The shipments in March were destined to the US (351,500 mt at $498/mt), Europe (63,000 mt at $443/mt), Asia (14,900 mt at 385/mt) Argentina (7,100 mt at $454/mt) and Mexico (1,100 mt at $611/mt), all FOB conditions and price deals probably closed in December.
The shipments were from producers in the southeastern states of Minas Gerais and Espirito Santo (314,800 mt), Mato Grosso do Sul, in the central western region (71,500 mt) and Para, in the north (51,200 mt).
The volume exported in March was the highest registered in recent years, reflecting chiefly the increased demand from the US.