Hi Jhunt
Most of the flooding and damage in Espírito Santo occurred 70km south of the capital Vitoria in Mimosa Do Sul. The port is located in Vitoria.
Unknown if the Vitoria-minas railroad has been out of action and for how long. SMM have released the weekly shipping data until 22/03 which was just before the rains fell. The mysteel data released during the day today will give a bit more insight.
the volume from Brazil is quite low as it is at present with only 5m shipped in week ending 22/03, with only 2mt in transit to China. Volume to China down 40% week on week.
Last week (Mar 16-Mar 22)
SMM statistics showed that the global iron ore shipments totalled 30.12 million mt last week, an increase of 1.6% week-on-week. The shipments from Australia declined 5.3% on a weekly basis to 17.40 million mt, of which 15.19 million mt or 87.3% went to China, up 0.5%. The shipments from Brazil fell 0.4% on a weekly basis to 5.64 million mt, of which 2.1 million mt or 37.2% went to China, down 40.8%.
The four major mining companies shipped a combined 16.82 million mt of iron ore last week, a drop of 390,000 mt from a week earlier.
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Hi Jhunt Most of the flooding and damage in Espírito Santo...
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