Brazil's iron ore export volume amounted to 32.52 million mt in October this year, increasing 12 percent compared to September and down 0.4 percent compared to the same month of 2012, according to the information released by the Brazilian Ministry of Development, Industry and Foreign Trade. Brazil's iron ore export value in October rose 15.39 percent compared to the previous month and was up 21.83 percent year on year, totaling $3.22 billion.

In October, Brazil's export volume of semi-finished products of iron and steel amounted to 562,100 mt, increasing 29.52 percent compared to the previous month and up 25.08 percent compared to the same month of the previous year, while these exports were valued at $274 million, increasing 30.02 percent compared to September and up 12.98 percent year on year.

Meanwhile, in October Brazil's flat steel exports totaled 60,700 mt, decreasing 43.48 percent from September and down 67.54 percent year on year. The revenue generated by these exports in October totaled $62.8 million falling 31.96 percent month on month and down 56.65 percent from the October 2012 level.