Brazilian Iron Ore Shipments Decline in March

Iron Ore

Iron ore exports from Brazil fell to the second lowest monthly level in seven years at 21.7 Mt in March (-0.5 Mt year-on-year and -0.4 Mt from February), provisional government data show.

Total 1q20 iron ore loadings of 70.6 Mt (-13.7 Mt year-on-year) were the weakest quarterly volume since 1q13.