WEEKLY: Aust, Brazilian iron ore shipments hold steady

After slumping 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 stayed largely stable during October 26-November 1, only inching up by 87,000 tonnes or 0.3% on week to 27 million tonnes, as a modest gain from Brazil was partly offset by softer Australian volumes.

In the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports recovered by 3.2% on week to 8.6 million tonnes, with Vale's volume nudging up by 0.6% on week to 6.5 million tonnes. Meanwhile, Australian iron ore delivered from the country's 11 ports slipped further by