WEEKLY: Aust., Brazilian iron ore shipments jump 13% WoW

After the previous week's drop, the total volume of iron ore dispatched to global destinations from the 20 ports and 17 mining companies in Australia and Brazil rebounded to 27.2 million tonnes during July 27-August 2, significantly higher by 3.2 million tonnes or 13.5% from the previous week, with the shipments rising from both countries, Mysteel's survey showed.

In the latest survey period, Brazilian iron ore delivered worldwide from the country's nine ports jumped 1.8 million tonnes or 22.5% on week to 9.8 million tonnes, with the volume sent by Vale bouncing back sharply by 1.4 million tonnes or 24.3% on week to 7.2 million tonnes. Meanwhile, Australian