Brazilian iron ore exports fall 28% in May

Brazil’s iron ore exports in May fell by over a quarter compared with the same period a year earlier.

It exported 21.50 million tonnes of the steelmaking raw material last month, which is 28.2% lower than the 29.87 million tonnes it shipped out in May last year, according to figures released by the country’s economy ministry on Monday June 1.

Iron ore prices have been on the rise amid concerns about supply from Brazil’s Vale, with...

Published

Felipe Peroni

June 02, 2020

05:37 GMT

São Paulo