January to July this year, Brazilian domestic iron ore sales fell to 16.977 million tons of iron ore used in steel sales from 26,882,000 tons in the same period last year. The sales decline was mainly part of steel production capacity shut down due. Allegedly, the CVRD, MMX, and Sa Make domestic sales volume of iron ore this year, declined.
 
According to the Brazilian steel sales Association, due to the economic downturn, in Brazil this year closed the steel production capacity of history, such as flat capacity of about 25% -30% have been closed. Brazil closed the history of steel making capacity can never exceeded 5% -6%, the excess steel production is mostly for export. , In view of the global economic slowdown, the Brazilian steel exports are not quite as easy, coupled with recent years, the Brazilian real appreciation, as well as rising costs, such as electricity rose to four times in the past 10 years, exports become difficult.
 
Compared to domestic iron ore consumption fell from January to July this year, the Brazilian iron ore exports has increased from 160 million tons in the same period last year to 161 million tons, including CVRD, MMX and Anglo American, the first seven months of this year, exports high volume innovation.
 
According to Vale, CEO of Ferreira (Murilo Ferreira), the international ore prices will rebound in September.



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