WEEKLY: Aust., Brazilian iron ore shipments rebound 7% WoW

After falling for two weeks straight, 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 tracking rebounded to 25.2 million tonnes over March 17-23, higher by 1.6 million tonnes or 6.9% on week, with Brazil contributing more to the increase.

During the latest survey week, Brazilian iron ore sent worldwide from the country's nine ports rallied 1.6 million tonnes or 32.5% from the previous week to 6.4 million tonnes, with the volume delivered by Vale surging 2.1 million tonnes or 79.2% on week to reach 4.8 million tonnes. Over the