WEEKLY: Aust., Brazilian iron ore shipments drop 6% WoW

After a temporary rebound 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 pulled back again by 1.7 million tonnes or 6% on week to reach 26.2 million tonnes during August 31-September 6, with the shipments falling from both countries, according to Mysteel's tracking.

In the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports had fallen by a significant 787,000 tonnes or 9.4% on week to 7.6 million tonnes, with the volume shipped by Vale slumping 812,000 tonnes or 13.4% from the prior week to 5.2 million tonnes. Meanwhile,