WEEKLY: Aust., Brazilian iron ore shipments slump 21% WoW

After the previous week's brief rebound, the total volume of iron ore dispatched to global destinations from 20 ports and 17 mining companies in Australia and Brazil slumped again to reach 21.5 million tonnes during July 6-12, down by 5.8 million tonnes or 21.3% on week. Iron ore shipments fell from both countries, Mysteel Global noted.

In the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports ended a two-week rise, plunging by 3.4 million tonnes or 37.5% on week to 5.7 million tonnes. Of that, the volume sent by Vale slid by a large 2.4 million tonnes or 35.7% on