Brazilian iron ore exports fell by 4.7% on the year in July, with Vale’s successful resumption of some of its suspended operations slowing the rate of decrease in comparison with those a few months earlier, data released last week by Brazil’s ministry of economy showed.
The country exported 34.27 million tonnes of the steelmaking raw material last month, compared with 35.96 million tonnes a year earlier. Last month’s exports are 16.6% higher than the 29.4 million tonnes shipped out in June, according to the ministry.
Iron ore exports experienced year-on-year decreases of 20% and 17% in May and June respectively. But they are increasing of late amid a ramp-up of mining in the…