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WEEKLY: Australian, Brazilian ore shipments at 1-mth low

Iron ore shipments from Australia and Brazil to global destinations reversed down over November 18-24 to its one-month low of about 21 million tonnes, after a week-on-week decline by 2.4 million tonnes or 10% on week, according to Mysteel’s latest weekly survey.
Over the period, Australia shipped 14.7million tonnes worldwide, lower by 2.2million tonnes or 13% from the November 11-17 week. Within the total,cargoes destined for Chinadeclined furtherby another 1.55 million tonnes or 11.2% on week to 12.3million tonnes, as maintenance on their berths led shipment volumes from both Rio Tinto and


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