Brazilian Iron Ore Exports by Destination in March

Iron Ore

Of the 36.4 Mt of iron ore Brazil exported in March, 20.5 Mt was shipped to China, up by 4.4 Mt year-on-year and a three-month high, according to the Tex Report. There were also increases of 1.7 Mt and 1.2 Mt in exports to Europe and Japan, to 4.9 Mt and 3.8 Mt, respectively. Meanwhile, shipments to the Middle East dropped to a four-month low of 1.4 Mt in March, although still up slightly year-on-year.