Brazil Pig iron Exports 3 Year High in Jan'19
Brazil's pig iron exports increased by about 19% M-o-M in the first month of 2019, according to trade statistics released by Brazilian customs.
In the month of Jan’19, Pig iron exports from Brazil were reported around 316,050 MT, which was recorded 3 years high & same volume of exports seen in Dec 2015.
In Jan'19, United States has imported the largest volume of Brazilian pig iron at around 140,085 MT followed by Netherlands (85,144 MT), Italy (29,755 MT) & Taiwan (18,181 MT). Inline exports to United Kingdom it also surge sharply & recorded at 36,580 MT in Jan’19.
However it was also noticed that during Dec'18, there was no major exports of Brazilian pig iron to the Netherlands & Taiwan.
During Apr’18 to Jan’19, the most favourable export destination of Brazilian pig iron was - United States (737,560 MT), Netherlands (303,307 MT), Mexico (162,528 MT), Italy (149,797 MT) & Taiwan (113,776 MT). And the major export of pig iron were from the ports of Rio De Janeiro (734,381 MT), Vitoria (529,070 MT) & Sao Luis (435,969 MT).
Updates
-- Currently global export prices for basic grade Pig iron is assessed at USD 310-320/MT FoB Brazil & USD 355-360/MT FoB India.
-- Brazil, the world’s second-largest Semi finished exporter, has exported about 815,503 MT slabs in Jan'19, rise by 11.48 % as against 731,507 MT in Dec’18.
-- Brazilian manganese ore exports went up by 2.30% from 348,038 MT in Dec'18 to 356,075 MT in Jan’19. China accounted for 69% of the shares in the Brazilian manganese ore while India and Uruguay stood for 9% each.
source: SteelMint
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
