Trade

Key Facts

—The product. Pig iron is a raw form of iron used by steel mills, and Brazil is the top supplier to the United States.

—The exposure. Minas Gerais sold about $1bn of pig iron to the United States in 2025, most of Brazil’s total.

—The concentration. In the main hub of Sete Lagoas, about 85 percent of production is shipped to the United States.