Brazil's iron ore exports continue falling in September

Brazil, the world's second-largest iron ore exporter after Australia, shipped 33.9 million tonnes of iron ore in September, according to preliminary statistics from Comex Stat, a data platform for Brazil's foreign trade in goods. The volume was lower for the third straight month, falling by a large 8.4% from August and by 6.3% from the year-ago level.

The drop from August was mainly driven by the reduction in iron ore exports to the country's top destination, China, as rising freight rates caused some Brazilian iron ore suppliers to reduce or even halt shipments to China, Mysteel Global learned. Last month, the volume of Brazilian iron ore dispatched