Iron prices in Brazil saw a slight increase in April, reaching $450 per ton FOB as of April 30, which is $5 higher compared to the previous month, according to Kallanish. Reports from traders indicate that steel mills in the U.S. have resumed purchases of this metal, contributing to further price increases in May and June.
This is reported by Business • Media
Export Growth and Market Situation
This information is supported by data from the Instituto Aço Brasil, which shows that iron exports in March increased by 4.8% compared to the same period last year, totaling 350,400 tons.
“The increase in demand for iron in the U.S. and the rise in exports from Brazil are contributing to higher prices in the global market.”
Analysts forecast further price increases in the coming months, considering the uptick in purchases and increased production volumes in the region.