According to latest data released by Ministry of Industry, Foreign Trade and Services of Brazil, Brazil exported 33.68 million tons of iron ore in September, down by 10.1% from 37.47 million tons in the same period last year and 3.3% from the previous month.

From January to September, Brazil exported a total of 267 million tons of iron ore, down by 7.8% YOY. In September, the average export price was USD120.73/t, far lower than USD163.3/t in August.