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Brazil’s pig iron exports fall in 1st half

Keywords: Tags  Brazil exports, pig iron, pig iron exports, MDIC, Juan Weik

SÃO PAULO — Brazilian merchant pig iron exports totaled 1.35 million tonnes in the first half of the year, down 13.5 percent from 1.56 million tonnes in the same period last year, according to Brazilian foreign trade ministry MDIC.

Most of the decrease was attributed to fewer purchases by U.S. buyers, which fell to 882,038 tonnes from 1.08 million tonnes in the first six months of 2012. All the other main purchasers bought more Brazilian pig iron.

Taiwan acquired 155,354 tonnes during the period, up from 104,807 tonnes in the first half of last year; Mexico purchased 124,812 tonnes, up from 60,901 tonnes; China bought 79,770 tonnes, up from 66,583 tonnes; and the Netherlands took in 69,373 tonnes, up from 56,936 tonnes in the same comparison.

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