WEEKLY: Aust., Brazilian iron ore shipments fall 8.3% 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 failed to extend the prior week's rise, instead falling by a marked 2.4 million tonnes or 8.3% on week to reach 26 million tonnes during November 17-23. Shipments declined from both countries, the survey showed.

During the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports reversed from the prior week's increase and dropped to 7.9 million tonnes, down by 548,000 tonnes or 6.5% on week. Among these, the volume sent from Vale slumped 1.3 million tonnes or 18.7% from