Brazil: Iron ore exports rise over 10% m-o-m in Nov’22

  • Brazil’s iron ore exports increased by 11.9% m-o-m in Nov’22 to 29.98 mnt compared to 26.79 mnt in the previous month, as per Customs data.
  • Exports improved by 4.1% y-o-y as against 28.79 mnt in Nov’21.
  • In Nov’22, the average price of iron ore shipped from Brazil was $66.8/t FOB.

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