Brazil’s pig iron exports in October, rose 56% month-on-month

Published: Dec 10, 2025 09:03

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Average export prices for Brazilian pig iron rose by $15 – to $400/t in the first half of November. Some quotes reached $415/t. This is due to increased demand from American and European buyers.

Amid this, Brazil’s pig iron exports showed rapid growth. In October, exports rose by 56% month-on-month to 460.1 thousand tons, following a 2.4% month-on-month increase in September. The main reason for the growth in export volumes was an increase in shipments to the US – by 53% month-on-month, to 351 thousand tons at a price of $394/ton on FOB terms. This indicates that the industry has emerged from the summer slump caused by US tariff policy. Overall, Brazilian pig iron exports grew by 5.7% y/y in January-October, to 3.4 million tons.

According to the Brazilian Steelmakers Association (IAB), total pig iron production in Brazil in October amounted to 2.3 million tons, down 6.1% compared to September. Over the ten months, output fell by 1.4% y/y – to 21.8 million tons.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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