Brazilian pig iron exports drop 7.3 percent in February from January levels
Release Date:
2026-03-10
Braziian exports of pig iron for February declined 7.3 percent on a monthly basis to 377,800 metric tons (mt), against a reportedtotal of 407,700 mt for January, according to the Brazilian Secretariat of Foreign Trade (SECEX), part of the Ministry of Industry,Development and Foreign Trade
The month-on-month decline reflects lower volume exports to Europe and negative exports to Mexico, SECEX said.
The destinations in February were the US (334,200 mt at $404/mt), The Netherlands (41,100 mt at $431mt), Asia (2,300 mt at$485/mt), and Argentina (200 mt at $684/mt), FOB conditions.
The exports were from producers in the southeastern state of Minas Gerais (188, 600 mt), from Mato Grosso do Sul, in the central-western region (114,200 mt) and Maranhao, in the North (75,000 mt).
Such prices were probably negotiated in December 2025, with indications of the BPl grade price below $430mt, and the foundrygrade price above that level, industry insiders told SteelOrbis.
From: Steel Orbis
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