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Brazilian Iron Ore Exports Breakdown for February

Iron Ore

Of the 25.7 Mt of iron ore Brazil exported in February, 13.8 Mt was shipped to China, down by 2.9 Mt year-on-year and a 13-month low, trade data show. Shipments to Europe also fell in February, declining by 1.0 Mt to 3.7 Mt while, at 1.1 Mt, exports to Japan were half the year-ago level. Brazil exported 1.6 Mt of iron ore to the Middle East in February, the majority of it (1.2 Mt) to Oman, compared with zero in the same month last year.