Brazilian Iron Ore Exports up 12pct in Oct From Sept

  • Monday, November 11, 2013
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  • Keywords:Iron Ore
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According to the information released by the Brazilian Ministry of Development, Industry and Foreign Trade, Brazil's iron ore export volume amounted to 32.52 million tonnes in October this year increasing 12% compared to September and down 0.4% compared to the same month of 2012.
 
Brazil's iron ore export value in October rose 15.39% compared to the previous month and was up 21.83% YoY totaling USD 3.22 billion.
 
In October, Brazil's export volume of semi finished products of iron and steel amounted to 562,100 MT increasing 29.52% compared to the previous month and up 25.08% compared to the same month of the previous year, while these exports were valued at USD 274 million increasing 30.02% compared to September and up 12.98% YoY.
 
Meanwhile, in October Brazil's flat steel exports totaled 60,700 MT decreasing 43.48 percent from September and down 67.54 percent year on year. The revenue generated by these exports in October totaled USD 62.8 million falling 31.96% MoM and down 56.65% from the October 2012 level.
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