WEEKLY: Aust., Brazilian iron ore shipments slightly higher

The total volume of iron ore dispatched to global destinations from the 19 ports and 16 mining companies in Australia and Brazil under Mysteel's regular tracking increased for the second straight week to reach 26.7 million tonnes during October 28-November 3, higher by 423,000 tonnes or 1.6% on week. The increment was attributed to the rising ore shipments from Australia, Mysteel Global noted.

During the latest survey period, Australian iron ore sent worldwide from the country's 10 ports rose for the third consecutive week by another 581,000 tonnes or 3.3% on week to reach 18.4 million tonnes. However, Australia's iron ore shipments dispatched to its largest iron ore consumer China retreated from the