Brazil's iron ore exports stay largely flat in February

Brazil, the world's second-largest exporter of iron ore after Australia, shipped 28.5 million tonnes of iron ore in February, lower by a mere 0.1% from the previous month, according to preliminary statistics from Comex Stat, a data platform for Brazil's foreign trade in goods.

On the other hand, the February total represented an on-year increase of 12.5%, mainly as the country's shipments during the same month last year were severely affected by a fire at the Port of Tubarão, Mysteel Global notes. Of Brazil's total iron ore exports last month, about 17.3 million tonnes