Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Brazilian mining industry’s iron ore and concentrates exports increased by 11.6pc to 348,369mt in August from 311,934mt in the same month last year, according to the Ministry of Economy data.


Brazil’s iron ore and concentrates exports climbed despite a 53.3pc price increase according to the preliminary figures from the country’s Ministry of Economy. 


The Latin American nation also increased its imports of iron ore and concentrates by 4.9pc to 34,358mt from 32,744mt during the same annual period under comparison, driven by a 25.3pc reduction in import prices. Brazil increased its import volume of iron or steel semi-finished products more than 12 times, reaching 112,113mt in August compared to 829mt in the same month of 2020.


Pig iron exports last month decreased by 32.5pc to 360,714mt 534,007mt in August 2020 while iron and steel bars and wires declined by 8.2pc to 56,597 mt from 61,663mt and 24.8pc to 3,842mt from 5,110mt, respectively. Flat-rolled products exports rose by 20.3pc to 65,403mt from 54,360mt driven by an average price increase of 65pc.

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