Brazil’s March iron ore exports recover to 28.4 million t

Brazil’s iron ore exports globally in March soared by 18.2% from February to around 28.4 million tonnes after the previous two months’ dip, according to the latest statistics from Brazil’s Ministry of Industry, Foreign Trade and Services. The March total was also 34% higher on year.

“It seems like this year, the weather is being more cooperative, with the seasonal effect on iron ore shipments being weaker than expected. Meanwhile, Vale has tried its best to keep iron ore shipments as stable as possible, aiming to hit its production recovery targets,” a Shanghai-based analyst commented. Normally,