Global pig iron imports fell by around 7% y-o-y in calendar 2023 (CY’23), reveals data maintained with BigMint. Total imports by the top 15 countries dropped to 9.45 million tonnes (mnt) last year against over 10 mnt seen in 2022. The United States was the highest importer with 4.35 mnt, which was a 5% drop against 4.58 mnt in 2022. Italy, ranked second, showed a 16% increase but its volumes are far lower at 1.60 mnt (1.38 mnt in 2022). Among the rest of the top five importers, Turkiye showed a nominal 3% increase to 1.39 mnt (1.36 mnt) while Taiwan’s volumes rose 43% but on a low base of 0.43 mnt (0.30 mnt). China, at fifth place, recorded a steep 64% decline to 0.39 mnt (1.08 mnt).
