WEEKLY: Aust., Brazilian iron ore shipments retreat 1% WoW

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 ended the previous two-week rise and dropped by 289,000 tonnes or 1.1% on week to reach 26.4 million tonnes during November 4-10, mainly due to the decrease in ore shipments from Brazil.

During the latest survey period, Brazilian iron ore shipped worldwide from the country's nine ports dropped for the second straight week by another 1.4 million tonnes or 16.3% on week to reach 7 million tonnes, with the volume sent by Vale falling 924,000 tonnes or 14.5% from the prior