WEEKLY: Aust., Brazilian iron ore shipments recover 1.4%

The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil rebounded after one week of decline, up 1.4% or 322,000 tonnes on week to 24.1 million tonnes over August 3-9 with all the added volume from Brazil, according to Mysteel’s weekly survey.

Over the period, Australian iron ore shipments from its ten ports bound for global destinations decreased for the third week by another 1.5% or 246,000 tonnes on week to 16.4 million tonnes, while the volume from Brazil’s nine ports to global destinations rebounded by 8.1% or 568,000 tonnes on week to 7.6 million tonnes, as