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25 Mar

Brazil's February pig iron production stable, exports fall

Brazilian pig iron production was stable month-on-month in February, while export volumes fell sharply. Brazil’s average pig iron prices remain unchanged amid international market pressure, Kallanish notes. According to data from the local steelmakers’ association Instituto Aço Brasil (IAB), February's pig iron output was 2.13 million tonnes, a gain of 5,000t or 0.3% m-o-m. This volume was 6.2% higher year-on-year, IAB data show. Two-mo…
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