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At the same time, pellet production decreased due to a decline in demand for high value-added products

Instead, the company is counting on growth in the US

Local players rather than global companies can ensure the success of Brazilian metallurgy decarbonization

The industry is affected by rising imports and underutilized capacity

Revenues from these exports fell by 8.8% y/y due to lower prices

Exports from Brazil to the US rose sharply amid expectations of tariffs and rising scrap prices

New restrictions could disrupt iron ore supplies to the US and affect global prices

Average export prices for this raw material fell to $63.7/t FOB during the period

The US, Brazil, and China launch investigations or extend duties to protect their producers

The country first announced these measures in April last year

Brazilian iron ore producer focuses on China, which buys 62% of its products

Shipments recovered from a 22-month low in February