Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2019 | North American Steels

Brazil continues to boost MPI exports: Raw Material Highlights

The increase in export tonnages has been mostly attributed to higher shipments to the United States.

Exports of merchant pig iron (MPI) from Brazil reached new highs in October. Exports totalled 321,890 tonnes last month, rising by 17% month on month and 61% year on year to the highest level recorded since September 2015. This brought the year-to-date volumes to 2.22 million tonnes in the first ten months of the year, up by 46% from the corresponding period of 2018. The pronounced increase in exports volumes this year so far followed declines in previous years, as the first chart alongside illustrates. As the chart also shows, this increase in exports volumes comes on the...


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