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Brazil’s pig iron exports fall for fifth consecutive month

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

SÃO PAULO — Merchant pig iron exports from Brazil fell for a fifth consecutive month in August on a year-on-year basis, reflecting lower demand for the scrap substitute in the international market.

Shipments abroad reached 134,013 tonnes last month, down 8.3 percent from 146,213 tonnes in August 2012, according to figures from the country’s foreign trade ministry, MDIC. Exports also declined 21.2 percent from 169,991 tonnes in July.

The United States, the biggest purchaser of Brazilian pig iron, took 123,703 tonnes, up 22.3 percent from 101,112 tonnes a year earlier.

Meanwhile, exports to Taiwan decreased 63.4 percent to 7,587 tonnes from 20,709 tonnes in August 2012, according to the MDIC data.

Both Pará and Maranhão states, which comprise Brazil’s northern region of Carajás, experienced declines of 14.4 percent and 39.5 percent, respectively, in August to 30,611 tonnes and 41,972 tonnes from 35,744 tonnes and 69,359 tonnes a year earlier.

Minas Gerais state, in Brazil’s southeastern area, exported 60,830 tonnes, rising from 34,684 tonnes in August 2012.

In the first eight months of the year, Brazilian pig iron exports totaled 1.65 million tonnes, down 16.7 percent from 1.98 million tonnes in the same period last year.

A version of this article was first published in AMM sister publication Steel First.

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