World's second largest exporter of Iron ore - Brazil,
increased its iron ore exports in CY'18 by 3% to 394 MnT as against 384 MnT in
CY'17 for the 6th consecutive year in 2018.
Chinese mills increased preference for high-grade ore
from Brazilian miners to achieve better profit margins.
Brazilian Anglo American Minas Rio resumes operation in
Dec'18, post-closure for eight months since Mar'18 and expecting production
ramp, provided it receives permits by mid-2019.
Source: Steel mint