WEEKY: Aust., Brazilian iron ore shipments slump to 4-mth low

After staying largely stable in the prior week, total iron ore shipments to global destinations from the 20 ports and 17 mining companies in Australia and Brazil under Mysteel's tracking dropped notably during November 2-8, down by 3.7 million tonnes or 13.7% on week to reach a four-month low of 23.2 million tonnes, as Brazilian and Australian volumes posted simultaneous declines.

In the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports declined by 1 million tonnes or 12.2% on week to 7.6 million tonnes, with Vale's volume falling by 951,000 million tonnes or 14.6% on week to 5.6 million tonnes. Meanwhile, Australian iron ore delivered from