Brazil's iron ore exports rebound 24% MoM in April

Brazil, the world's second-largest iron ore exporter after Australia, shipped 34.6 million tonnes of iron ore in April, marking a notable increase of 23.8% from March's 27.9 million tonnes, according to preliminary statistics from Comex Stat, a data platform tracking Brazil's foreign trade in goods.

The on-month rise was largely attributed to improving weather conditions as Brazil's rainy season drew to a close, Mysteel Global notes. For instance, Mysteel's tracking showed that Brazil's nine ports under its monitoring handled 8.6 million tonnes of outbound iron ore cargoes during the week of April 27-May 3,