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
reached 134,013 tonnes last month, down 8.3 percent from
146,213 tonnes in August 2012, according to figures from the
countrys 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 Brazils 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
Minas Gerais state, in
Brazils 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