Brazilian iron ore exports increase sharply in September

Friday, 02 October 2020 21:13:08 (GMT+3)   |   Sao Paulo

Brazilian combined exports of iron ore and pellets have reached 37.86 million mt in September, the highest monthly volume since May 2018, according to preliminary figures by the country’s customs authorities.

The volume confirms the increasing recovery of exports from Brazil, chiefly from the mines located in the north of Brazil, where the Covid-19 pandemic had a severe impact on the operations of the miner Vale, now gradually returning to normal.

Currently estimated at 1.6 billion mt per year, the iron ore transoceanic market is viewed by analysts as having the demand currently outpacing availability, resulting in a high level of prices, reflecting also some degree of volatility due to the activity of the financial markets.

Most Recent Related Articles

Anglo American Brazil sees iron ore output in Q3 decline at its Minas-Rio site

Vale hires Hidrovias do Brasil to transport 3.2 million mt of iron ore in 2021

Brazilian iron ore prices decrease slightly week-on-week

Samarco concludes repairs, says it is ready to resume activities

Brazilian iron ore export prices stable on weekly basis