Brazil iron ore export volumes surged in January

By Carolina Curiel (ScrapMonster Author)

March 15, 2016 04:23:24 AM

SAO PAULO (Scrap Monster): The most recent statistics released by Brazil’s Secretary of Foreign Trade (Secex) indicates significant rise in iron ore exports by the country during the month of January 2016.

Brazil’s iron ore exports during Jan ’16 totaled 25.037 million tons, up by 7.4% when compared with the same month previous year. The country’s iron ore exports had totaled 23.311 million tons during January 2015. The iron ore export price averaged at $26.20 FOB per ton, substantially lower by 49% when compared with a year before. The value of iron ore exports out of the country totaled $655.97 million during the month.

The largest destination of iron ore exports from Brazil was China. The exports to China during January this year totaled 13.021 million tons, accounting for nearly 52% of the total exports by Brazil during the month. The average export price to China stood at $24.8 per ton.

The second largest destination of Brazil’s iron ore exports was Japan. The exports to Japan totaled 2.469 million tons, accounting for nearly 10% of the country’s total exports.

Meantime, the country’s rebar exports during Feb ’16 totaled 34,000 tons, increasing marginally by 4% over the previous month. The export prices averaged at $522 per ton FOB. The largest destination of country’s rebar exports was Bolivia. The exports to Bolivia totaled 27,500 tons, accounting for bulk of the country’s rebar exports during the month. In second place was Peru with 2,100 tons.