Brazil Exports of Iron Ore – Q1 2012

The first quarter of 2012 has seen quite a dip in the exports of Iron Ore from Brazil.  In total, 68.4MT were exported, which is 26.9% lower than in the last quarter of 2011.  The largest destinations were:

1 CHINA 35.9 MT -24.8%
2 JAPAN 6.1 MT -47.7%
3 SOUTH KOREA 2.9 MT -37.3%
4 NETHERLANDS 2.5 MT -37.2%
5 GERMANY 2.3 MT -36.3%
6 ITALY 1.9 MT -40.9%
7 PHILIPPINES 1.8 MT 75.7%
8 OMAN 1.7 MT -6.3%
9 TAIWAN 1.6 MT 7.3%
10 ARGENTINA 1.5 MT -24.1%

So, almost all markets have reduced, with only the Philippines and Taiwan up on last quarter. A lot of the tonnage to Oman is for the large DRI plant located there.


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