WEEKLY: Aust., Brazilian iron ore shipments fall for third week

The total volume of iron ore dispatched to global destinations from 20 ports and 17 mining companies in Australia and Brazil under Mysteel's tracking dropped for the third straight week to 26.7 million tonnes during June 22-28, down 579,000 tonnes or 2.1% from the previous week.

The reduction was solely driven by the marked decrease in Australia's iron ore shipments. The iron ore delivered worldwide from the country's 11 ports fell 1.8 million tonnes or 9.4% on week to 17.8 million tonnes during the latest survey week. Notably, the volume sent to China, Australia's largest iron