BRASÍLIA: Brazil’s iron ore exports fell 43.0% year-on-year in November to US$901mn, according to foreign trade department Secex. The drop was mostly due to falling prices amid a supply glut on the international seaborne market. The average price of Brazilian iron ore shipments in November was US$32.2/t, down 47.1% year-on-year. In terms of volume, exports increased 7.9% to 28.0Mt.
Flat-rolled steel exports dropped 26.8% to US$138mn while volumes increased 11.9% to 322,400t. The average price fell 34.6% to US$427/t. Exports of semi-manufactured iron and steel products fell 52.8% to US$135mn, with volumes decreasing 14.0% to 488,100t and prices falling 45.1% to US$275.80/t.
Brazil’s aluminum exports declined 21.2% to US$40.4mn in November. Aluminum volumes rose 14.2% to 26,600t, while prices decreased 31.0% to US$1,517.00/t.
