Jan'18: Brazil Pig Iron Exports Rise 36%, US Remains Largest Importer
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Brazil's pig iron exports increased by about 36% Y-o-Y in January 2018, according to trade statistics released by Brazilian customs. The United States imported more than 44% of the total pig iron exports by Brazil (Jan-Dec'17).
In the month of Jan'18, Pig iron exports from Brazil were reported around 0.15 MnT, surge by 36.36% Y-o-Y against 0.11 MnT in Jan'17.
Further, in the calendar year of 2017 (Jan-Dec) the nation's pig iron exports increased by about 4.58% and are stood at 2.28 MnT which was 2.18 MnT during the same period in 2016. While in the month of Jan'18, Italy imports the largest volume of Brazil pig iron, has imported around 30%, followed by Taiwan (29%) & Netherlands (25%).
United stated was the primary destination of Brazilian Pig iron it was noticed that US imports recorded highest volume in Nov'17 at 0.17 MnT from Brazil, However since then the imports from US remains low. In Jan'18, US imports of Pig iron from Brazil stood at 0.01 MnT. On month basis Brazil's pig iron exports were stable against 0.15 MnT in Dec'17.
In the month of Jan'18, the major export of billets were from the ports of Rio De Janeiro at 0.14 MnT (90.27%) & approximately 36% of exports were done from the port in CY17.
Currently global export prices for basic grade pig Iron is assessed at USD 370-375/MT FoB Brazil & USD 360-370/MT FoB India.
Top load Country & Port - Pig iron (January 2018)
| Top Unload Country | Top Load Port | ||||
| Name | Quantity | % Share | Name | Quantity | % Share |
| Italy | 0.05 | 30.49 | Rio De Janeiro | 0.14 | 90.27 |
| Taiwan | 0.04 | 29.04 | Vitoria | 0.01 | 6.69 |
| Netherland | 0.04 | 25.87 | Nao Declarado | 0 | 1.86 |
| United States | 0.01 | 6.69 | Santos | 0 | 1.18 |
Quantity in MnT
Sources: SteelMint Stats.
