Study: Wealthiest Brazilian cities linked to iron ore production

Thursday, 04 January 2024 23:40:23 (GMT+3)   |   Sao Paulo

A study unveiled by the Brazilian geography and statistics institute (IBGE) indicates that, among the 10 cities with highest gross domestic product (GDP) per-capita, five have iron ore production as the main economic activity.

Catas Altas, in the southeastern state of Minas Gerais, had in 2021 the highest indicator, equivalent to $187,000 per habitant, hosting operations of the miner Vale.

In the second position, Canaã dos Carajás, located in the northern state of Pará, had $182,000 GDP per capita, also hosting operations of Vale.

In the third position, São Gonçalo do Rio Abaixo, in the state of Minas Gerais, also hosts operations of Vale and a GDP per capita equivalent to $139,600.

The fourth position is held by Itatiaiuçu, in the state of Minas Gerais, hosting mining operations of Usiminas and ArcelorMittal, with a GDP per capita equivalent to $124,600.

In the sixth position, Conceição do Mato Dentro, in the state of Minas Gerais, host mining operations of Anglo American, with a GDP per capita of $105,900.


Similar articles

Brazilian BPI exporters resist further declines, outlook rather stable

27 Oct | Scrap & Raw Materials

Brazil updates utilization of steel import quotas

25 Oct | Steel News

Brazilian rebar export price increases in four weeks

24 Oct | Longs and Billet

Sales by Brazilian flat steel distributors increase in September

23 Oct | Steel News

CSN fined for refusal to sell Usiminas shares in Brazil

23 Oct | Steel News

Brazil requires more pipelines for gas distribution

23 Oct | Steel News

Vale production increased for Q3 2025

22 Oct | Steel News

Reference price for Brazilian slabs exports maintains stability

22 Oct | Flats and Slab

Freight rates decrease in September for Brazilian finished steel imports

22 Oct | Steel News

Brazilian high-grade iron ore price declines week-on-week

20 Oct | Scrap & Raw Materials