Brazil Steel Exports Statistics - Feb'19
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In the month of Feb'19, the crude steel production of Brazil was around 2,661,695 MT and in CY19 (Jan-Feb) it was approximately 5,594,684 MT. Meanwhile, in CY18 (Jan-Feb) the figure of crude steel production stood at 5,580,000 MT, according to the World Steel Association.
Brazil Iron Ore exports fell by 13% in Feb'19- Nation's iron ore exports recorded at 28,926,985 MT in Feb'19, down by 12.8% as compared to 33,160,673 MT in Jan'19. China stood largest importer of Brazilian Iron ore at 16,850,655 MT (down 5.15% M-o-M) followed by Malaysia at 2,355,359 MT and Japan at 1,236,034 MT.
Brazil's pig iron exports decreased by about 64.69% M-o-M in the second month of 2019 & reported at around 112,005 MT against the last month (Jan'19) at 316,050 MT.
During Feb'19, the most favourable export destination of Brazilian pig iron was - United States (52,002 MT), Netherlands (27,040 MT) & Taiwan (25,711 MT).
Currently global export prices for basic grade Pig iron is assessed at USD 339-341/MT FoB Brazil & USD 359-361/MT FoB India.
Brazil has exported about 459,697 MT slab in Feb'19, declined by 43.6% M-o-M as against 815,503 MT in Jan'19. Inline on yearly premises it decline by 12% as against 521,084 MT in Feb'18.
During Feb'19, United States has imported approximately 34% (155,563 MT) slab, decline by 60% M-o-M against 390,961 MT in Jan'19. Inline no major Slab export seen for Italy, Malaysia & Canada in the month.
In Feb'19, the major export of Slabs were from the ports of Vitoria (213,558 MT), Fortaleza Porto (128,201 MT) & Itaguai (117,358 MT). While approximately 47% of exports were done from the port of Vitoria in Feb'19.
In the total slab exports during CY19 (Jan-Feb), the most favorable export destination of Brazilian slab was - United States (546,523 MT), Italy (135,213 MT), Germany (107,517 MT) & Belgium (100,887 MT).
The export offers of 150*150 IS 2830 grade billet are currently at USD 445-455/MT FoB India, 150*150 Q235 are at USD 475-480/MT FoB China & 125*125 3sp at USD 450-455/MT FoB Ukraine.
Brazilian Manganese Ore exports were significantly down by 42% in Feb'19 on M-o-M basis but rose by 31% as compared to previous year for the initial two months period. Since major market for Brazil is China, the exports were down due to the Chinese New year as the pre-stocking of ore for the New year was already finished and the producers had sufficient stock for using over the holidays.
| Brazil Export February'19 | |||||||
| Commodity | Sub Commodity | February'19 | January'19 | % Change M-o-M | 2019 (Jan-Feb) | 2018 (Jan-Feb) | % Change Y-o-Y |
| Iron Ore | Fines/Lumps | 26,659,035 | 29,027,667 | -8.2 | 55,686,702 | 49,254,192 | 13.1 |
| Pellet/Concentrate | 2,267,950 | 4,133,006 | -45.1 | 6,400,956 | 4,970,861 | 28.8 | |
| Total Iron Ore | 28,926,985 | 33,160,673 | -12.8 | 62,087,658 | 54,225,053 | 14.5 | |
| Semi Finish | Slab | 459,697 | 815,503 | -43.6 | 1,275,200 | 1,232,785 | 3.4 |
| Pig Iron | 112,005 | 316,050 | -64.6 | 428,055 | 329,206 | 30 | |
| Total Semi Finish | 571,702 | 1,131,553 | -49.5 | 1,703,255 | 1,561,991 | 9 | |
| Total Ferro Alloy | Manganese Ore | 206,359 | 356,075 | -42 | 562,434 | 429,722 | 30.9 |
Quantity in MT
Source: SteelMint Research
