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Brazil’s iron ore exports dropped considerably in August, says trade data

According to latest trade data published by Brazil’s Ministry of Industry, Development and Foreign Trade (MDIC), the country’s iron ore exports dropped significantly during the month of August this year. China remained the top export destination, accounting for 56% of the total ...

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Vale secures license for expansion at world’s largest Iron ore reserve

20 billion dollar worth plan is expected to start its production by 2016 and will reach their target of 90 million tonnes per year by 2018. The statement released by the company said that, Ibama, Brazil’s Environmental Regulator had granted ...

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World’s largest Iron ore reserve secures license for expansion

20 billion dollar worth plan is expected to start its production by 2016 and will reach their target of 90 million tonnes per year by 2018. The statement released by the company said that, Ibama, Brazil’s Environmental Regulator had granted ...

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Beset by problems at home, Brazilian steel looks out at a hard world

Whichever way Brazil’s steel industry looks it sees pain. At home, the economy is on the brink of recession and demand for the world’s most used metal is on the wane. Abroad, Brazilian exports are hampered by a strong currency ...

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Push to flood iron ore market crushes smaller suppliers

* Iron ore majors accelerating expansion projects * Strategy to boost output winning market share * Higher-cost, less competitive suppliers in trouble * By 2015 top producers to account for over 80 pct of world iron ore trade   A faster-than-expected increase ...

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Brazil’s Long Steel Imports Drop 29% in April

Brazilian long steel imports fell by 28.6% year-on-year in April, led by lower import volumes of rebar. The country imported a total 57,171 tonnes of non-alloy steel products last month, against 80,126 tonnes in April 2013, according to the country’s ...

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