According to the Brazilian Foreign Trade Secretariat (SECEX), part of Brazil's Ministry of Industry, Development and Foreign Trade, pig iron exports fell 7.3 percent month-on-month to 377,800 metric tons (mt) in February, compared with a total of 407,700 tons in January.
The monthly decline reflects lower exports to Europe and negative exports to Mexico. According to SECEX.
In February, the destinations were the United States (334,200 tons at a price of $404 per ton), the Netherlands (41,100 tons at a price of $431 per ton), Asia (2,300 tons at a price of $485 per ton) and Argentina (200 tons at a price of $684 per ton), FOB terms.
Exports were carried out from producers in the southeastern state of Minas Gerais (188,600 tons), from Mato Grosso do Sul in the central western region (114,200 tons) and Maranhão in the north (75,000 tons).
Such prices were probably agreed in December 2025, indicating a BPI grade price below 430 USD per ton and a foundry grade price above that level, industry insiders told SteelOrbis.
