BRASÍLIA: According to statistics provided by the Brazilian Ministry of Development and Foreign Trade, the country’s pig iron exports during the month of March this year declined considerably when compared with the previous year.
Brazil’s pig iron exports totaled 219,000 tons during the month. The exports increased sharply by 51.2% when compared with the previous month. The Brazilian pig iron exports had totaled 145,000 during the month of February this year. When matched with the previous year, the country’s pig iron exports in Mar ’16 were down by 11.5%. The exports had totaled over 247,000 tons during March last year.
The primary destination of Brazilian pig iron exports during Mar ‘16 was the US. The country imported 59,900 tons of pig iron from Brazil during the month, accounting for over 46% of the total pig iron exports by Brazil during the month. The exports to the country were down by 71.4% from the same month a year before. In second place was Peru with 59,600 tons. The exports to Netherlands witnessed sharp rise, when compared with zero imports during the same month in 2015. Taiwan imported 36,000 tons of Brazilian pig iron during the month.
