Brazilian pig iron exports plummeted to 100,130 tonnes
in May, down 55.9 percent year on year from 227,062 tonnes, due
to a weaker international market for the scrap substitute
product, according to data from the countrys foreign
trade ministry, MDIC.
Part of the fall was
attributed to a 32.4 percent drop in demand from the United
States, the main market for the Brazilian product, to 78,307
tonnes from 115,878 tonnes in the same comparison.
Taiwan also took in
less pig iron from Brazil, at 6,696 tonnes, down 70.1 percent
from 22,410 tonnes in May 2012.
Maranhão states, which make up Brazils northern
region of Carajás, were the most affected as shipments
plunged to 35,628 tonnes and 30,605 tonnes, respectively, from
83,247 tonnes and 80,636 tonnes in May 2012.
Minas Gerais, in
Brazils southeastern region, was less affected with
exports falling 39.3 percent to 33,297 tonnes from 54,869
tonnes in May of last year.
Between January and
May, Brazilian exports totaled 1.2 million tonnes, down nearly
12 percent from 1.36 million tonnes in the corresponding 2012
Shipments during the
five-month period from Pará fell 48.4 percent to 254,010
tonnes from 492,354 tonnes a year earlier, while those from
Maranhão dipped 5.1 percent to 488,489 tonnes from
514,917 tonnes. Minas Gerais, on the other hand, saw its
shipments rise 36 percent to 430,005 tonnes from 316,141
A version of this
article was first published by AMM sister publication Steel