Iron Ore Exports by Brazil Achieved Historic Milestone in July
August 07, 2025 04:45:56 PM
According to statistics, the export volumes were up by 4.7% upon comparison with the prior month.
By Paul Ploumis
SEATTLE (Scrap Monster): Brazil clocked a historic milestone by exporting 41.1 million metric tonnes of iron ore during the month of July this year. The exports surpassed the previous record of 39.5 million metric tonnes set in December 2015. Incidentally, Brazil is the world’s second largest exporter of the steelmaking raw material after Australia.
Statistics show that compared to the previous month, export volumes increased by 4.7%. The prior month's export earnings came to $2.62 billion. Despite a spike in volumes, revenues showed an 8.8% year-over-year fall. Additionally, export prices showed a 13% drop from July 2024.
Improved operational efficiency, strategic market positioning, and rising worldwide demand are the primary causes of the export increase. The demand for Brazilian iron ore was mostly driven by the stimulus plans the Chinese government put in place, which were centered on infrastructure development.
Over the last 18 months, Brazilian mining businesses have seen a notable increase in operational efficiency, mostly due to the use of cutting-edge technologies and improved mining procedures. Furthermore, extraordinarily favorable weather conditions in the nation's main mining regions led to a rise in mining and trading activities.
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