Brazil's global iron ore exports hit 7-mth high in May

The iron ore exports from Brazil to global destinations rose for the third straight month to reach 35.1 million tonnes in May, the highest level since November last year and marking a notable 16.2% increase from April, according to the preliminary statistics from Comex Stat, a data platform for Brazilian foreign trade in goods.

The monthly increase in Brazil's iron ore exports in May meant that the country's ports had to handle more outbound iron ore cargoes in the given month. Indeed, the volume of iron ore dispatched from the nine Brazilian ports under Mysteel's tracking totaled about 32 million tonnes last month,