WEEKLY: Aust., Brazilian iron ore shipments retreat 7% WoW

After the previous week's rise, the total volume of iron ore dispatched to global destinations from 20 ports and 17 mining companies in Australia and Brazil retreated to 23.9 million tonnes during 20-26, lower by 1.9 million tonnes or 7.5% from the previous week. The shipments dropped from both countries, Mysteel Global noted.

In the latest survey period, Brazilian iron ore delivered worldwide from the country's nine ports dipped by 30,000 tonnes or 0.4% on year to 8 million tonnes, with the volume sent by Vale falling 377,000 tonnes or 6.1% on week to 5.8 million tonnes. During the same period, Australian iron