SÃO PAULO Brazilian iron ore exports in August reached 31.16 million tonnes, the highest monthly total thus far this year.
The tally is up 13.1 percent from 27.53 million tonnes in August 2012 and exceeded Julys 29.69 million tonnes by 4.9 percent, according to data issued Sept. 2 by Brazils foreign trade ministry.
However, lower iron ore prices led export revenue to drop to $2.64 billion, down 4 percent year on year from $2.75 billion and 0.7 percent lower month on month from $2.66 billion.
The average f.o.b. iron ore price was $84.70 per tonne in August, down from $100.20 per tonne in the same month last year and off from $89.80 per tonne in July.
A version of this article was first published in AMM sister publication Steel First.