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Iron Ore July 07, 2014 10:30:02 AM

Brazil's Iron Ore Exports in June '14 increased 13.2% over the year

Paul Ploumis
ScrapMonster Author
In accordance with the latest data released by the Brazilian Ministry of Development, Industry and Foreign Trade, the country’s iron ore exports in June '14 rose significantly year-on-year

Brazil's Iron Ore Exports in June '14 increased 13.2% over the year
SAO PAULO (Scrap Monster): In accordance with the latest data released by the Brazilian Ministry of Development, Industry and Foreign Trade, the country’s iron ore exports in June ’14 rose significantly year-on-year.

The country exported 29.55 million tons of iron ore during the month. This is 3.7% lower when compared with the exports during a month before. Brazil had exported 30.69 million tons of iron ore during May this year. However, the exports during June ’14 were 13.2% higher when compared with the exports during the same month a year before. Brazil’s iron ore exports had totaled 26.10 million tons during June ’13.

The revenues generated by exports of iron ore totaled $2.30 billion during June this year. The export revenues witnessed sharp fall of 11.0% from the previous month. However, the revenues jumped by nearly 8% when compared with those during June 2013.

The country’s iron ore export price averaged at $78.2 per ton during the month of June this year.

The country’s iron ore exports during the initial six-month period of the year totaled 156.74 million tons.
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