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Brazil - Latest news GMK Center

Photo – The pig iron market in Brazil was stagnant in the first half of June
The pig iron market in Brazil was stagnant in the first half of June

Prices in most regional markets remained stable over the same period

Photo – Prices on regional slab markets rose by $5–20 per ton in May
Prices on regional slab markets rose by $5–20 per ton in May

Prices for Asian slabs continued to rise amid a shortage of supplies from Iran

Photo – Brazilian pig iron average prices rose by $15 per ton in May
Brazilian pig iron average prices rose by $15 per ton in May

Prices for pig iron in the Black Sea region rose by $8 per ton last month

Photo – Global overcapacity poses a threat to the U.S. steel industry
Global overcapacity poses a threat to the U.S. steel industry

U.S. industry associations are concerned about the negative impact of decisions made by China and Brazil

Photo – Iron ore exports from Brazil rose by 23% m/m in April
Iron ore exports from Brazil rose by 23% m/m in April

At the same time, pellet exports last month rose by 32% compared to March

Photo – Average prices for pig iron in the Black Sea region rose by $8 per ton in April
Average prices for pig iron in the Black Sea region rose by $8 per ton in April

Prices for Brazilian cast iron rose amid steady demand from the U.S. and the EU

Photo – Australia increased iron ore exports by 9.5% y/y in April
Australia increased iron ore exports by 9.5% y/y in April

China was the leading importer last month, accounting for 61.8 million tons of the total export volume of 76.4 million tons

Photo – Gerdau increased its net profit by 32% y/y in Q1
Gerdau increased its net profit by 32% y/y in Q1

Steel production during this period increased by 5.5% y/y, while sales volumes declined slightly

Photo – Prices on regional slab markets rose by $15–20 per ton in the first half of April
Prices on regional slab markets rose by $15–20 per ton in the first half of April

The market was under pressure due to a shortage of supply and high transportation rates

Photo – Prices for Brazilian pig iron rose by $25 per ton in March
Prices for Brazilian pig iron rose by $25 per ton in March

Due to the rainy season, the tight supply of cast iron in Brazil may persist until May

Photo – Australia increased its exports of iron ore by 14% m/m in March
Australia increased its exports of iron ore by 14% m/m in March

Compared to the same period in 2025, shipments decreased by 4%

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