WEEKLY: Aust., Brazilian iron ore shipments down further by 5% 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 decreased for the second straight week to 25.3 million tonnes during January 5-11, lower by 1.3 million tonnes or 5% on week.

Last week's drop was mainly caused by the large reduction in Brazil's iron ore delivered worldwide from the country's nine ports, which slumped 1.3 million tonnes or 16.2% on week to 6.6 million tonnes, although the volume sent by Vale increased by 271,000 tonnes or 4.8% from the previous