China’s Pig Iron Imports Rise Sharply to $2B
Oct 13, 2021
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Last year, China rapidly boosted pig iron imports from $376M to $2B. In physical terms, purchases grew from 988K tons to 5.6M tons. Brazil, Russia and Ukraine became the largest suppliers of pig iron to China, accounting for 73% of total import volume. Shipments from Brazil spiked from 8.8K tons in 2019 to 2.1M tons in 2020, while Russian supplies grew from 34K tons to 1.4M tons. The average import price for pig iron dropped by -3.8% y-o-y to $366 per ton in 2020.