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Brazil's Iron Ore exports down 16.1% in October

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BRASILIA (Scrap Register): Brazil’s iron ore export volumes and revenues dropped year-on-year in October due to the continuing supply disruptions dating back to the January disaster.

According to figures released by the country’s economy ministry, Brazil's iron ore export volume amounted to 31.2 million tonnes in October this year, decreasing by 16.1 percent compared to the same month of 2018. But they were up 15% from September as Vale brings more capacity back on line.

Prices also slipped, to $US62.90 a tonne from $US68 the month before for Brazilian exports, although they were still up substantially from the year-ago price of $US55.70, according to the Brazilian resources department.

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