Brazil's iron ore exports drop slightly in March

Brazil, the world's second-largest iron ore exporter after Australia, shipped 27.9 million tonnes of iron ore in March, down by 1.7% from February and by 0.2% from the previous year, according to preliminary statistics from Comex Stat, a data platform for Brazil's foreign trade in goods.

The country's iron ore exports are typically weak in the early months of any year due to rainy-season disruptions to mining and logistics, Mysteel Global notes. Of Brazil's total iron ore exports last month, about 19.7 million tonnes were shipped to China, the country's largest destination for the commodity. The