Author: Nidhi Awasthi

Brazil’s iron ore exports dropped by 6% y-o-y to 32.83 mnt in May’24 compared to 35.04 mnt in Apr’23, as per Customs data. However, volumes increased by 21% m-o-m as against 27.2 mnt in April. The average price of iron ore shipped from Brazil stood at $74.5/t FOB in May, down y-o-y compared to $83.7/t…