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Brazil’s iron ore exports fall 1.4% in 1st half

Keywords: Tags  Brazil iron ore, iron ore exports, MDIC, Brazil foreign trade ministry, Ana Paula Camargo

SÃO PAULO — Brazilian iron ore exports totaled 144.52 million tonnes in the first half of the year, down 1.4 percent from 146.6 million tonnes in the same period last year, according to data from Brazilian foreign trade ministry MDIC.

Export revenue amounted to $14.96 billion between January and June, virtually stable compared with the same period last year, when revenue totaled $14.86 billion.

In June, Brazil exported 26.1 million tonnes of iron ore, down 0.8 percent from the same month last year. The total was also 3.9 percent below May’s yearly high of 27.17 million tonnes.

Export revenue in turn fell 5.4 percent year on year to $2.59 billion from $2.74 billion, and was down 12.2 percent from $2.95 billion in May.

This decrease was due to lower shipments and a reduced f.o.b. iron ore value.

The average f.o.b. iron ore price declined to $99.20 per tonne last month from $106.20 per tonne in June 2012, MDIC said, adding that it fell from $108.60 per tonne in May.

A version of this article was first published in AMM sister publication Steel First.

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