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What Are the Imports and Exports of Brazil? Iron ore is Brazil's most imported and exported item. About $43 billion of iron ore is exported annually, while another $8 billion is imported.

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Publicly Traded Iron Ore Companies ... Iron Ore) Gerdau S.A. (GGB) (Brazil – Long Steel, Special Steel, Iron Ore) Mechel OAO (MTL) (Russia – Coal Mining, Iron Ore, Specialty Steel and Alloy Producer) United States Steel Corporation (X) (Integrated Steel Producer) Related Links . Publicly Traded Companies by Sector and Industry.

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Brazil recently reported an estimated value of $199.7 billion in exports and $187.7 billion in imports. Seventeen percent of Brazil's exports go to China, making that country Brazil's largest consumer of exported goods. The United States ranks second at 11 percent. At 20 percent, Argentina is the source of most of Brazil's imports.

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Hematite: the main iron ore in Brazilian mines. This stockpile of iron ore pellets will be used in steel production. ... Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel.

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This was before Brazil switched to the real-based currency in July, 1994. 15 Before then, inflation had forced mineral dealers to switch to dollars for pricing gems and minerals. Because I had brought Brazilian money, I found myself bargaining in dollars, then converting to reais, at a rate that was a 10% loss. Next time...

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