WEEKLY: Aust., Brazilian iron ore shipments retreat 11% WoW

After touching an almost two-year high, the total volume of iron ore dispatched to global destinations from the 20 ports and 17 mining companies in Australia pulled back to 27.2 million tonnes during May 25-31, down by a large 3.4 million tonnes or 11.1% from the previous week, as ore shipments fell from both countries.

Over the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports decreased by 499,000 tonnes or 5.4% on week to 8.7 million tonnes after surging in the prior week, primarily as the volume sent by Vale retreated by 558,000 tonnes or 8.4% on week to