Brazil: Iron ore shipments from Port Tubarao decline m-o-m in Feb'26

• Port Tubarao's iron ore shipments declined m-o-m by 18% to 5.9 mnt in Feb'26 from 7.2 mnt in Jan, amid heavy rainfall disruptions in Brazil and slower vessel line-ups.
• However, shipments surged by 31.1% y-o-y from 4.5 mnt in Feb'25, supported by improved exports by Vale and firm demand from China.