Brazil Iron Ore Exports on the Rrise

May 21, 2019

© Cifotart / Adobe Stock
© Cifotart / Adobe Stock

Brazil's iron ore exports rose sharply in the first half of May, data showed on Monday, recovering from a more than seven-year low in April, as higher prices encouraged sellers to close more deals internationally.

Until May 17, Brazil exported 16.2 million tonnes, according to data from the Foreign Trade Secretariat (Secex), which is part of the Ministry of the Economy. In the whole of April, Brazil exported 18.3 million tonnes, as the impact of miner Vale's Brumadinho dam collapse weighed.

The export recovery comes amid higher iron ore prices. On average in May, the price of iron ore shipped by Brazil was $64.80 per tonne, compared with $58.70 in April, according to the Secex.


(Reporting by Roberto Samora; Editing by Lisa Shumaker)

Logistics News

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Subscribe for Maritime Logistics Professional E‑News

Families continue to wait while U.S. officials examine the crash site of Air India
The 'data infrastructure market' is driving the hot M&A tech race in AI.
As sirens sound and missiles fly in Israel, tourists are stranded.