WEEKLY: Aust., Brazilian iron ore shipments drop 13% 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 dropped for the second straight week to reach 22.7 million tonnes during March 2-8, lower by 3.5 million tonnes or 13.3% on week, with the shipments falling from both countries.

During the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports retreated by a significant 1.6 million tonnes or 22.1% on week to 5.7 million tonnes, with the volume sent by Vale slumping 1.5 million tonnes or 27.3% from the previous week to 3.9 million