The Brazilian exports of pig iron have reached 353,800 mt in July, against 210,300 mt in June according to customs.
The destinations in July were the US (310,800 mt at $443/mt), Europe (33,500 mt at $464/mt), South America (5,100 mt at $451/mt), and Asia (4,400 mt $520/mt), all FOB conditions.
The shipments were from independent producers in the southeastern states of Minas Gerais and Espírito Santo (265,200 mt at $443/mt), from the northern states of Para and Maranhão (74,400 mt at $454/mt), and from the central-western state of Mato Grosso do Sul (14,200 mt at $447/mt).
Such prices were probably negotiated in May, with indications of the BPI grade price in the $430-480/mt range, and the foundry grade product above $490/mt, FOB conditions.