Brazil: Iron ore shipments from Port Tubarao decrease m-o-m in Jan'26

• Port Tubarao's iron ore shipments decreased m-o-m by 3.75% to 7.2 mnt in Jan'26 against 8.7 mnt in Dec'25 mainly due to seasonal slowdown and lower loading activity following strong shipments in the previous month.
• However, shipments surged by 46.9% y-o-y against 4.9 mnt in Jan'25 amid stronger export flows from Brazil.