Brazilian pig iron exports, prices fall in November

Sao Paulo (Platts)--11Dec2012/324 pm EST/2024 GMT


Brazilian pig iron exports decreased around 22% month on month in November due to lower prices, according to official customs data released Tuesday.

Brazil's pig iron producers exported 222,262 mt last month, compared with 286,853 mt in October. This number was also 25% lower than November 2011's total of 296,343 mt.

Of the November total, 184,858 mt went to the US, against 196,631 mt in October and 203,876 mt in November 2011.

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The official trade statistics revealed that in November the average export price for Brazilian pig iron decreased to $401/mt FOB Brazilian port, from $419/mt FOB in October.

"Exports of pig iron are depressed ... due to poor demand and low bids," said a pig iron maker. "Another reason exporting is so tough is that logistics are so expensive in the sector."

--Priscilla Antunes, priscilla_antunes@platts.com
--Edited by Keiron Greenhalgh, keiron_greenhalgh@platts.com