WEEKLY: Aust., Brazilian iron ore shipments near 6-year low

Source: Mysteel Feb 18, 2025 11:30

The total volume of iron ore dispatched to global destinations from 19 ports and 16 mining companies in Australia and Brazil under Mysteel's tracking decreased for the second straight week over February 10-16, thinning by a significant 6.6 million tonnes or 34.6% on week to reach 12.4 million tonnes, the lowest level since Mysteel commenced the survey in June 2019. The shipping volumes from both countries slumped in the past week, Mysteel's data showed.

Over the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports fell for the second consecutive week by another 1.6 million tonnes or 25.5% on week to touch a more-than-one-year low of 4.5 million tonnes, with the volume shipped from Vale shrinking 1.8 million tonnes

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