WEEKLY: Aust., Brazilian iron ore shipments fall 5.7% 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 ended a two-week rise and dropped to 26.8 million tonnes during October 27-November 2, down by 1.6 million tonnes or 5.7% on week, with shipments shrinking from both countries.

During the lates survey period, Brazilian iron ore shipped worldwide from the country's nine ports dropped by 691,000 tonnes or 7.5% on week to 8.6 million tonnes, though the volume sent by Vale increased for the fifth straight week by another 66,000 tonnes or 1% on week to 6.5