WEEKLY: Aust., Brazilian iron ore shipments rebound 2% WoW

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 ended a three-week drop and rebounded to 27.3 million tonnes during June 29-July 5. The volume went up by 585,000 tonnes or 2.2% from the previous week, as both countries lifted their shipments of this key steelmaking ingredient.

Brazilian iron ore shipped worldwide from the country's nine ports increased for the second straight week in the latest survey period, up by 149,000 tonnes or 1.7% to reach 9.1 million tonnes. Notably, the volume sent by Vale jumped 819,000 tonnes or 13.6% on week to 6.9 million tonnes. During