SHANGHAI, Oct 24 (SMM) - SMM statistics showed that the global iron ore shipments totalled 22.67 million mt in the week ending October 23, a drop of 23.3% week-on-week.
The shipments from Australia fell 20.4% on a weekly basis to 14.51 million mt, of which 11.44 million mt or 78.9% went to China, a decrease of 25.2%. The shipments from Brazil fell 23.9% on a weekly basis to 4.35 million mt, of which 890,000 mt or 20.4% went to China, a decrease of 72.9%.
The four major mining companies shipped a combined 16.36 million mt of iron ore last week, a drop of 3.87 million mt from a week earlier.
A total of 16.33 million mt of iron ore arrived at Chinese ports last week, down 29.3% week-on-week.
