WEEKLY: Aust., Brazilian iron ore shipments slump to 11-mth low

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 for the third straight week to reach an 11-month low of 21.6 million tonnes over January 12-18, down by 3.7 million tonnes or 14.6% from the previous week, with the shipments falling from both countries.

During the latest survey period, Brazil's iron ore shipped worldwide from the country's nine ports slumped 1.1 million tonnes or 16.6% on week to hit a four-month low of 5.5 million tonnes, with the volume sent by Vale plunging by 2 million tonnes or 34.2% on week to 3.9