Iron ore prices in the Brazilian domestic market are facing the same downward trend of international prices, sources told SteelOrbis.
He added that the company is currently paying the equivalent to $61/mt for Sinter feed fines, $96/mt for pellets and $70/mt for lumps, CFR, full taxes, compared respectively to $70/mt, $110/mt and $80/mt two months ago.
Meanwhile, In December, the Brazilian exports of iron ore, pellets excluded, increased by 48 percent to 31.67 million mt, but the increased volume was achieved in exchange of an average FOB price reduced by 12 percent to $46/mt, according to the country’s ministry of development, industry and foreign trade, MDIC.
For the whole of 2014, the Brazilian iron ore exports, pellets excluded, went up from 2013 by 4.4 percent to 294.46 million mt, at an average price 26 percent lower, $68/mt, while pellets exports went up by 5.1 percent to 49.92 million mt at an average price 14.5 percent lower, $117/mt.