WEEKLY: Aust., Brazilian iron ore shipments rise 6% WoW

The total volume of iron ore dispatched to global destinations from 19 ports and 16 mining companies in Australia and Brazil under Mysteel's tracking increased for the second straight week over February 24-March 2, up by another 6.3% on week to reach 27.4 million tonnes, with the shipping volumes continuing to rise from both countries.

During the latest survey period, Australian iron ore shipped worldwide from the country's 10 ports went up by 852,000 tonnes or 4.6% on week to 19.4 million tonnes. However, the iron ore volume sent from Australia to its largest iron ore consumer China failed to extend the prior week's rise,