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

After touching a five-month high in the previous week, total iron ore shipments to global destinations from the 20 ports and 17 mining companies in Australia and Brazil under Mysteel's tracking retreated during October 19-25, down by 2.2 million tonnes or 7.7% on week to 26.9 million tonnes, with the shipments falling from both countries.

In the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports slumped 1.4 million tonnes or 14.3% on week to 8.4 million tonnes, with the volume sent by Vale pulling back by 851,000 tonnes or 11.6% on week to 6.5 million tonnes. Meanwhile, Australian iron ore