WEEKLY: Aust., Brazilian iron ore shipments drop 10% WoW

After the previous week's rebound, total iron ore shipments to global destinations from the 10 ports and 17 mining companies in Australia and Brazil under Mysteel's tracking dropped again during October 5-11, falling 2.8 million tonnes or 10.3% on week to 24.3 million tonnes.

Both countries saw their iron ore exports decline last week as mining companies slowed their deliveries after they had ramped up shipments in late September to achieve better operation performance for the past quarter, Mysteel Global noted. In the latest survey week, Brazilian iron ore shipped worldwide from the country's