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Brazil’s iron ore exports up 5% year on year in Sept.

Keywords: Tags  iron ore exports, export revenue, iron ore, MDIC, iron ore prices, Ana Paula Camargo

SÃO PAULO — Brazil’s iron ore exports increased year on year in September both in terms of volume and value.

The country exported 29.01 million tonnes of iron ore last month, up 4.8 percent from 27.67 million tonnes in the same month last year, according to figures released by national foreign trade ministry MDIC Oct. 1.

Export revenue surged 14.4 percent to $2.78 billion from $2.43 billion in the same comparison.

The average f.o.b. price of iron ore in September was $96.10 per tonne, up 9.3 percent from $87.90 per tonne a year earlier.

On a monthly basis, Brazilian iron ore exports declined 6.9 percent in September from 31.16 million tonnes in August, which had been the highest monthly total so far this year.

Export revenue increased 5.3 percent from August’s $2.64 billion due to higher iron ore prices. The average f.o.b. iron ore price in August was at $84.70 per tonne.

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

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