The pig iron sector in Brazil, especially in Minas Gerais, is expected to keep the growth rate of 2021 this year. The pig iron sector in Brazil, especially in Minas Gerais, is expected to keep the growth rate of 2021 this year. According to the president of the Iron Industry Union of Minas Gerais (Sindfer-MG), Fausto Varela Cançado, the forecast wrought at the close of 202 indicates a 7% increase in production, reaching 4.15 million tons of pig iron in the year. According to Cançado, the share of exports in pig iron production returned to normal last year, with 54% going to international markets and 46% staying domestically. “By 2020, this ratio would be 70% for international clients and 30% for domestic plants.” We hope to retain this normally in 2022,” Cançado stated. According to him, the United States has regained its position as the leading destination for goods exports in 2021. China was the principal consignee for the product last year, accounting for 63% of pig iron shipments.
Source: Datamar News