WEEKLY: Aust., Brazilian iron ore shipments retreat 7% WoW

After rising for two weeks straight, 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 tracking dropped to 24.5 million tonnes during April 13-19, lower by 6.8% from the previous week, with the shipments falling from both countries.

Over the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports fell by a marked 661,000 tonnes or 8.7% on week to 7 million tonnes, with the volume shipped from Vale slumping by a larger 722,000 tonnes or 13.4% from the prior week to 4.7