By factors that affect the international market, iron ore prices continued to fall, the world iron ore giant CVRD, Brazil's second-quarter production hit a new high, but its profits than last year, representing a decrease of more than half.
 
According to Brazil's Sao Paulo newspaper reported on the 26th, the second quarter of CVRD iron ore production exceeded 80 million tons, the export volume has reached 62.9 million tons, an increase of 14.9 percent over the first quarter. But not in previous years, the company increased production does not bring profits to rise.
 
The second quarter of CVRD profits of only 5.3 billion Brazilian reais (U.S. $ 2.65 billion), down 58.7 percent. In addition, in the first half of this year, the company's profits from last year's 21.5 billion reais (about $ 10.75 billion) to 1.2 billion reais (about $ 6 billion).
 
International market, iron ore prices continued to fall, leading to the main reason for CVRD profits sharply reduced. The second quarter of this year, the average selling price of CVRD iron ore is about $ 103 per ton, down 28.9 percent, decreased by 5.5%. In addition, the U.S. dollar against the real appreciation is an important reason affecting the profitability of the company. Over the past year Real has depreciated nearly 25 percent.



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