WEEKLY: Aust., Brazilian iron ore shipments slump 9% 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 fell for the second straight week to reach 24.4 million tonnes during November 3-9, significantly lower by 2.4 million tonnes or 9% on week, with shipments falling from both countries.

During the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports slumped by 1.3 million tonnes or 15.2% on week to 7.3 million tonnes, with the volume shipped by Vale plunging 1.4 million tonnes or 20.8% from the previous week to 5.2 million tonnes. Meanwhile, Australian