Brazilian Iron Ore Exports Breakdown
Brazilian iron ore exports to China rose to a seven-month high of 15.9 Mt in July, although this was still down by 0.4 Mt year-on-year, according to official data. In contrast, shipments from Brazil to Europe (incl. Turkey) rose by 1.4 Mt to 6.8 Mt, the highest level since August 2013. Brazil exported a total of 34.0 Mt of iron ore in July, up 2.8 Mt year-on-year.