Brazil's iron ore exports fell 34.2% year-on-year in October to US$1.14bn, 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 October was US$33.2/t, down 44.1% year-on-year.
In terms of volume, exports increased 17.7% to 34.1Mt.
Flat-rolled steel exports dropped 17.1% to US$171mn while volumes increased 22.6% to 350,200t. The average price fell 32.4% to US$487/t.
Exports of semi-manufactured iron and steel products fell 20.3% to US$219mn, with volumes increasing 23.0% to 709,100t and prices falling 35.2% to US$309.30/t.
Brazil's aluminum exports slumped 42.8% to US$26.9mn in October. Aluminum volumes dropped 17.8% to 17,300t, while prices decreased 30.5% to US$1,562.00/t.
Source: http://www.bnamericas.com/