Brazil Producers Look to Halt Pig Iron Output as US Tariff Threat Crimps Demand

Some of Brazil’s pig iron producers are looking at halting operations as tariff tensions shrink demand from customers in the US, the top buyers of cargoes from the South American nation.

Modulax will shut down operations next week, with plans for doing maintenance work that was originally scheduled for later in the year, according to the Chief Executive Officer Geraldo Basques. “We have no date to resume production,” he said in an interview, citing the trade concerns.