WEEKLY: Aust., Brazilian iron ore shipments recover 25%

The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil rebounded over January 25-31 after four weeks of drops, up 4.9 million tonnes or 25% on week to 24.7 million tonnes, with both the countries posting on-week increases, according to Mysteel’s latest survey.

Over thelatestperiod, Australian iron ore shipments from its ten ports bound for global destinationsclimbed after a four-week decline by 3 million tonnes or 21.6% on week to 17 million tonnes, and Brazil shipped 7.6million tonnes of iron ore from its nine ports worldwide,up after a one-week fall by 1.9