WEEKLY: Aust., Brazilian iron ore shipments slump 15% WoW

After rising for two straight weeks, 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 retreated to 22.3 million tonnes during May 4-10, falling by a significant 15.4% from the previous week, with the shipments sliding from both countries.

During the latest survey period, Australian iron ore sent worldwide from the country's 11 ports dipped 115,000 tonnes or 0.7% on week to 17.6 million tonnes, with the volume delivered to its largest iron ore consumer China shrinking 718,000 tonnes or 4.5% on week to 15.1 million tonnes. Among Australia's