The Brazilian exports of pig iron have reached 380,000 mt in September up from 270,100 mt in August.
The destinations in September were the US (345,200 mt at $440/mt), Mexico (25,000 mt at $446/mt), Asia (4,800 mt at $533/mt), the Netherlands (4,500 mt at $513/mt), and South America (500 mt at $536/mt), all FOB conditions.
The shipments were from independent producers in the southeastern states of Minas Gerais and Espírito Santo (304,100 mt at $441/mt)), from the northern state of Pará (47,000 mt at $450/mt), and from the central-western state of Mato Grosso do Sul (28,900 mt at $442/mt).
Such prices were probably negotiated in July, with indications of the BPI grade price in the $430-480/mt range, and the foundry grade product above $500/mt, FOB conditions.