Brazilian iron-ore exports fell 16% in June
- Publishing Date
- 02 Jul 2009 5:15pm GMT
- Author
- Mining Journal
Brazilian iron-ore exports fell 16% in June from a year earlier after steelmakers abroad turned off blast furnaces, cutting demand for the raw material.
Iron-ore shipments fell to 21.4Mt last month, from 25.6Mt in June 2008, Brazil’s Trade Ministry said today on its website. Exports were 39% more than in May, when flooding interrupted Vale SA’s railway.
The global economic slowdown has pared steel demand from builders and carmakers, prompting producers of the metal to scale back output.
"It’s still early to talk of a recovery," Antonio Lannes, an economics data manager for the Brazilian iron-ore and metals producers and exporters’ association known as Sinferbase. "May was an atypical month due to flooding in Para state, which put the Carajas railway out of action for a week."
Vale, the world’s biggest iron-ore miner, ships more than 40% of its output along the railroad in northern Brazil.
(Bloomberg, July 2)
ALSO IN THE ARCHIVE...
More News By Subject
Site Search
Log in
-
Features
-
Editor's Comment
Geologists- Senior and Junior Positions
Gryphon Minerals is aggressively growing its world class Banfora Gold Project in Burkina Faso, West Africa.
Mining and Metals Opportunities - Hatch
Mining and Metals Opportunities in London and Globally: Senior and junior roles.
Minerals Geoscientist Vacancy - Neftex
Do you want to help develop the world’s most detailed commercially-available 4D Earth Model to support the mining majors?
Opportunities for Senior & Principal Level Consultants - SRK
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
Comments