WEEKLY: Aust., Brazilian iron ore shipments rebound 7.6% WoW

After a short-lived dip in the previous week, the total volume of iron ore dispatched to global destinations from the 20 ports and 17 mining companies in Australia and Brazil rebounded by 2 million tonnes or 7.6% on week to reach 27.8 million tonnes during August 24-30, with the shipments increasing from both countries, according to Mysteel's tracking.

In the latest survey period, Brazilian iron ore delivered worldwide from the country's nine ports jumped 1.2 million tonnes or 16.4% from the previous week to 8.4 million tonnes, with the volume sent by Vale rising 401,000 tonnes or 7.1% on week to reach 6.1 million tonnes. Meanwhile, Australian iron