The Brazilian Steelmakers Association (IAB) reported that pig iron exports surged 49% in January 2026 to 408,000 tonnes. In February, average prices rose by $20/t to $430/t FOB. The price hike is attributed to seasonal rainy factors impacting logistics and increased demand from U.S. and European mills.

Since January until July 2025, Ukrainian steel enterprises' pig iron exports increased by 55% compared to the same period in 2024, reaching 1.04 million tons. Ukraine exported a total of 831,690 tons of pig iron to the United States, an increase of 84.1% year-on-year; exported 106,540 tons of pig iron to Italy, an increase of 84.8% year-on-year; and exported 25,350 tons of pig iron to Poland, a decrease of 25.7% year-on-year. It is worth noting that the United States became Ukraine's main consumer of pig iron mainly due to the recovery of Ukraine's maritime logistics for steel goods.

Factors affecting the price of pig iron are numerous and complex, supply and demand, raw material costs, policy adjustments and exchange rate fluctuations all play a direct role in the market price. The price of pig iron products such as Fodular Cast Iron and Foundry Pig Iron is also deeply affected by these factors. Through the SMM website and other platforms, we can grasp the dynamics of the pig iron market in real-time, analyze the price trend, and provide strong support for investment decisions. In a volatile market environment, only by considering all factors can we more accurately grasp the direction of pig iron prices.