WEEKLY: Aust., Brazilian iron ore shipments jump 12% 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 tracking recovered from the prior week's drop and rose by 2.7 million tonnes or 12% on week to reach 24.9 million tonnes during May 11-17, with the shipments rising from both countries.

In the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports surged 2.4 million tonnes or 50.2% on week to 7 million tonnes, with the volume sent by Vale jumping 1.1 million tonnes or 28.7% from the prior week to 5 million tonnes. Meanwhile, Australian iron