According to statistics from Brazil Steel Institute (Instituto Aço Brasil, IABr), Brazil’s pig iron production totaled around 2.1 million tons in February, falling by 8.4% compared to the previous month and slightly dropping by nearly 1% from the year-ago level.

In the first two months of this year, Brazil produced a total of approximately 4.4 million tons of pig iron, a year-on-year decrease of 1.1%.

In February, Brazil’s pig iron exports dropped by 17% year on year to 207,800 tons, and the exports in the January-February period slid by 11% year on year to 444,100 tons.