Brazil's global iron ore exports fall 18% MoM in Feb

Brazil exported 25.4 million tonnes of iron ore globally in February, falling by 18% from January while also logging an on-year decline of 10%, according to new statistics from Comex Stat, a data platform for Brazilian foreign trade in goods.

The marked decline in Brazil's global iron ore exports last month was partly related to a fire that broke out at the Port of Tubarão on February 10 and affected the port operations. The Port of Tubarão, operated by the leading Brazilian iron ore supplier Vale, is one of