MINERALS   Iron Ore  

Brazil: Iron Ore Exports Increase Sharply in May'19

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 29.02 MnT in May'19, up 58% as compared to Apr'19 exports at 18.34 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as compared to 34.62 MnT in May'18.

Brazil iron ore exports have picked up amid rising demand from China and easing supply concerns from Vale. Iron ore inventory at major Chinese ports fell to to 124.9 MnT towards the end of May as against 133.6 MnT at the beginning of May'19. The rise in exports is also attributed to high price realization and high profit margin received amid improved Chinese demand.

The total exports for CY19 (Jan-May) has depicted fall of 12% to 131.64 MnT as against 149.04 MnT in CY18 (Jan-May). Vale underwent collapse at its dam at Corrego do Feijao mine in Minas Gerais in Brumadinho, Brazil on 25th Jan'19. Post which the miner had to shut operations at numerous mines and expects loss in production for the year.

Average iron ore prices up 12% in May'19

The average price of iron ore exported from Brazil for May'19 witnessed at USD 65.5/MT, up 12% on monthly basis as against USD 58.7/MT, FoB Brazil in Apr'19. On yearly basis, the average price of iron ore in May'19 witnessed 38% rise as compared to May'18 price at USD 47.4/MT, FoB.

News No: 4771
Date: 2019/06/07 - 20:04
News Source: SteelMint

Brazil  Iron Ore  Export  trade  Vale 


Leave a Comment:


OPEC sees downbeat oil outlook for rest of 2019

OPEC delivered a bearish oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.

Bangladesh private sector seeking enhanced co-op with Iran

Bangladesh’s commercial attaché in Iran said his country’s private sector is seeking to boost cooperation with the Iranian counterpart, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

India: Godawari Power and Ispat Pellet Production Up 7% in Q1 FY'20

Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.

Imported HRC Offers to Vietnam Slide Further Over Limited Buying

In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.

Turkey: Steel Import Statistics H1 2019

Turkey, the world’s largest ferrous scrap importer, has observed increase in imports of ferrous scrap, Iron ore, Semi finish & Finish products in Q2’19 on a quarterly basis, as per recent data released by the customs department. The country's crude steel production recorded at 16.99 MnT in H1’19, down 10% as against 18.86 MnT in H1’18.

Australia Iron Ore Export Shipments Down 7% in July’19

Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners