Brazil's iron ore exports rebound in October

Brazil, the world's second-largest iron ore exporter after Australia, shipped 36.5 million tonnes of iron ore in October, according to preliminary statistics from Comex Stat, a data platform for Brazil's foreign trade in goods.

The volume recovered by 2.7 million tonnes or 8% from September, snapping the three-month decline seen previously, though it remained lower by 8.9% compared with the year-ago level. The on-month rebound was mainly driven by stronger shipments to Asian destinations, Mysteel Global learned. Last month, the volume of Brazilian iron