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WEEKLY: Aust., Brazilian IO shipments reverse down by 5%


Over May 2-8, iron ore shipments dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil under Mysteel's survey decreased to 24.6 million tonnes, down by 1.3 million tonnes or 4.9% on week after rising over the prior week, as the decline in Brazilian shipments had outpaced the growth in Australian volumes.
Over the latest survey period, Australian iron ore shipments from its 10 ports bound for global destinations increased to 18.3 million tonnes, up for the second week by another 275,000 tonnes or 1.5% on week, while Brazilian ore from its nine ports worldwide retreated by 1.6 million tonnes or 19.7%


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