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OCTOBER BRAZILIAN IRON ORE EXPORT VOLUMES RISE, PRICES FALL.

Issued at 2012-11-21



October Brazilian iron ore export volumes increased over the previous month, according to data compiled by the foreign trade ministry, Secex.

Shipments totaled 32.6 million metric tons, 18% above the 27.6 million mt exported in September. While the value of overall sales increased 8.6% to $2.6 billion, the average price per ton dropped from $87.9/mt FOB to $80.9/mt FOB in October.

On a year-on-year basis, exports grew 17.4% in volume from 27.8 million mt shipped in October 2011, but overall sales dipped 30% from $3.8 billion FOB during the same period last year. Average prices were 40.8% higher in 2011 at $136.6/mt FOB.

For Steel Prices, visit: http://www.steelbb.com/?PageID=332&price_type=6
For related articles, visit: http://www.steelbb.com/?PageID=183&article_id=114316


Source: SBB



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