WEEKLY: Aust., Brazilian iron ore shipments jump 20% WoW

After the previous week's slump, the total volume of iron ore dispatched to global destinations from 20 ports and 17 mining companies in Australia and Brazil rebounded significantly to reach 25.9 million tonnes during July 13-19, higher by 4.4 million tonnes or 20.4% on week. The shipments increased from both countries, Mysteel Global noted.

In the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports swelled by 2.4 million tonnes or 41.3% on week to 8 million tonnes. Of that, the volume sent by Vale increased by a large 1.7 million tonnes or 39.4% from the previous week to