Brazil pig iron exports dropped sharply by 12% in March

By Carolina Curiel (ScrapMonster Author)

May 16, 2016 07:54:11 AM

SAO PAULO (Scrap Monster): According to statistics provided by the Brazilian Ministry of Development and Foreign Trade, the country’s pig iron exports during the month of March this year declined considerably when compared with the previous year.

Mar ’16 exports

Brazil’s pig iron exports totaled 219,000 tons during the month. The exports increased sharply by 51.2% when compared with the previous month. The Brazilian pig iron exports had totaled 145,000 during the month of February this year. When matched with the previous year, the country’s pig iron exports in Mar ’16 were down by 11.5%. The exports had totaled over 247,000 tons during March last year.

The primary destination of Brazilian pig iron exports during Mar ‘16 was the US. The country imported 59,900 tons of pig iron from Brazil during the month, accounting for over 46% of the total pig iron exports by Brazil during the month. The exports to the country were down by 71.4% from the same month a year before. In second place was Peru with 59,600 tons. The exports to Netherlands witnessed sharp rise, when compared with zero imports during the same month in 2015. Taiwan imported 36,000 tons of Brazilian pig iron during the month.

Feb ’16 exports

Brazil exported 145,000 tons of pig iron during the month of February this year. The exports dropped by 6.9% when compared with Jan ‘16. The Brazilian pig iron exports had totaled 155,000 during the month of January this year. When matched with the previous year, the country’s pig iron exports in Feb ’16 were down by 9.6%. The exports had totaled over 160,000 tons during February last year.

The key importer of Brazilian pig iron during Feb ‘16 was the US. The country imported 67,000 tons of pig iron from Brazil during the month, accounting for over 46% of the total pig iron exports by Brazil during the month. The exports to the country were down by 26.8% from the same month a year before. In second place was the Netherlands with 23,000 tons. The exports to Netherlands witnessed decline of 5.6% over the previous year. Argentina imported 21,000 tons of Brazilian pig iron during the month.

Exports during 2015

Brazil’s pig iron exports totaled 2.752 million tons in 2015. The total exports climbed higher by nearly 6.3% from the previous year. The country’s pig iron exports had totaled 2.589 million tons during 2014.

The country’s exports of pig iron had totaled 321,000 tons during December last year. The exports almost doubled when compared with those during Nov ’15. However, the Dec ’15 exports were down significantly by 13.5% when compared with the exports during the same month a year before4. The Brazilian pig iron exports had totaled 370,000 tons during Dec ’14.

The main destination of Brazilian pig iron exports during Dec ’15 was the US. The country imported 167,000 tons of pig iron from Brazil during the month. The exports to the country were down by 20.6% from the same month a year before. The imports by the US accounted for nearly 52% of the total pig iron exports by Brazil during December last year.

In second place was Mexico with 44,000 tons. The exports to Mexico witnessed rise of 6.3% over the previous year.