WEEKLY: Aust., Brazilian iron ore shipments rise 3.8% WoW

The total volume of iron ore dispatched to global destinations from the 20 ports and 17 mining companies in Australia and Brazil under Mysteel's regular tracking increased for the second straight week to reach 28.4 million tonnes during October 20-26, higher by 1 million tonnes or 3.8% on week.

The increase was largely driven by surging shipments from Brazil. During the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports rose for the second consecutive week by a significant 1 million tonnes or 12.2% to reach 9.3 million tonnes, though the volume sent by