Industry News

Bonanza for Brazilian pig iron pricing, trade

Views : 176
Update time : 2021-03-02 17:48:42
Brazilian merchant pig iron prices escalated by more than $300/mt since the beginning of the coronavirus pandemic, while export volumes surpassed 10-year highs on the back of emerging Chinese demand and elevated iron ore prices.

China emerged as the primary destination for Brazilian basic pig iron in 2020, surpassing the US in the top spot for the first time since 2009.

The combination of factors has resulted in a return for Brazil's basic pig iron sector to the bonanza period seen almost a decade ago.

Minas Gerais state, in southeastern Brazil, has become the nation's main pig iron producer (80%) and exporter hub (60%), taking the place held by the country's northern region until 2014.

Related News
Read More >>
EU's aluminium scrap export tax plan has weak data foundation EU's aluminium scrap export tax plan has weak data foundation
Sep .18.2025
EU's aluminium scrap export tax plan has weak data foundation
Global primary aluminum market has short supply of 119,900 tons in Jul Global primary aluminum market has short supply of 119,900 tons in Jul
Sep .18.2025
Global primary aluminum market has short supply of 119,900 tons in Jul
Australia launches $500 million green iron investment fund Australia launches $500 million green iron investment fund
Sep .18.2025
Australia launches $500 million green iron investment fund
China's aluminum-related production statistics in Aug China's aluminum-related production statistics in Aug
Sep .18.2025
China's aluminum-related production statistics in Aug