IRON and STEEL
Brazil's pig iron exports increased by about 19% M-o-M in the first month of 2019, according to trade statistics released by Brazilian customs.
In the month of Jan’19, Pig iron exports from Brazil were reported around 316,050 MT, which was recorded 3 years high & same volume of exports seen in Dec 2015.
In Jan'19, United States has imported the largest volume of Brazilian pig iron at around 140,085 MT followed by Netherlands (85,144 MT), Italy (29,755 MT) & Taiwan (18,181 MT). Inline exports to United Kingdom it also surge sharply & recorded at 36,580 MT in Jan’19.
However it was also noticed that during Dec'18, there was no major exports of Brazilian pig iron to the Netherlands & Taiwan.
During Apr’18 to Jan’19, the most favourable export destination of Brazilian pig iron was - United States (737,560 MT), Netherlands (303,307 MT), Mexico (162,528 MT), Italy (149,797 MT) & Taiwan (113,776 MT). And the major export of pig iron were from the ports of Rio De Janeiro (734,381 MT), Vitoria (529,070 MT) & Sao Luis (435,969 MT).
-- Currently global export prices for basic grade Pig iron is assessed at USD 310-320/MT FoB Brazil & USD 355-360/MT FoB India.
-- Brazil, the world’s second-largest Semi finished exporter, has exported about 815,503 MT slabs in Jan'19, rise by 11.48 % as against 731,507 MT in Dec’18.
-- Brazilian manganese ore exports went up by 2.30% from 348,038 MT in Dec'18 to 356,075 MT in Jan’19. China accounted for 69% of the shares in the Brazilian manganese ore while India and Uruguay stood for 9% each.