Brazil's global iron ore exports drop 4% MoM in Oct

Brazil exported 35.3 million tonnes of iron ore in October, lower by 4.2% from September, but still 5% higher compared with the same month last year, according to new statistics from Comex Stat, a data platform for Brazilian foreign trade in goods.

The latest figure meant the country's iron ore exports during the first ten months of this year totalled 324.8 million tonnes, 5.7% higher than the comparable months in 2023, Mysteel Global calculated based on the Comex Stat statistics. For Brazil's iron ore exports to retreat in October after a strong September is common, as