The value of iron ore exported from Brazil dropped in
July on lower prices, even as shipping volumes rose to their
highest monthly level so far this year.
The country exported
29.7 million tonnes of iron ore during the month, up from 27.3
million tonnes a year earlier, according to data from Brazilian
foreign trade ministry MDIC.
revenue fell 6.3 percent year on year in July to $2.66 billion
due to a drop in iron ore prices from $2.84 billion a year
The average f.o.b. iron ore price fell to $89.80 per tonne
last month from $104.30 per tonne in July 2012.
A version of this
article was first published in AMM sister publication Steel