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

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January 2020 | Steel Scrap and Metallics Forecaster


Brazil keeps MPI sales cautiously diversified despite China's demand: South America Market Analysis


Considering a questionable sustainability of China's long-term buying interest in import pig iron, this approach is reasonable.

China resurfaces as a major buyer of Brazilian MPI but Brazil keeps sales diversified. As our fist chart alongside illustrates, China re-emerged as one of the major single buyers of Brazil-origin merchant pig iron (MPI) in the fourth quarter of last year. Brazil exported 289,477 tonnes of pig iron to the country, out of the total export volume of 892,384 tonnes in October-December. MPI exports from Brazil to China had been virtually non-existent for the previous...

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