WEEKLY: Aust., Brazilian iron ore shipments slump 10.6% 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 shrank to 26.7 million tonnes during December 29-January 4, lower by a large 3.2 million tonnes or 10.6% from the previous week, with the shipments falling from both countries.

During the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports slumped 1.5 million tonnes or 16% on week to reach 7.9 million tonnes, with the volume shipped by Vale sliding 727,000 tonnes or 11.4% from the previous week to 5.6 million tonnes. Meanwhile, Australian iron