Iron-ore exports from Australia’s Port Hedland, the world’s biggest bulk-export terminal, reached an all-time monthly high of 54.6 million tons in June, according to data released by Pilbara Ports. The surge lifted year-to-date shipments to 288 million tons, eclipsing the previous half-year record for the facility that serves the country’s major miners. The jump in port volumes coincided with a strong finish to the financial year for Fortescue Metals Group, which reported a 4% rise in fiscal fourth-quarter iron-ore shipments from a year earlier, also marking a company record. The robust output underlines continued resilience in seaborne iron-ore demand, driven largely by Chinese steel mills, even after volatility in global commodity prices.
Iron ore exports from Australia's Port Hedland reached a record 54.6 million tons in June, with year-to-date shipments totaling 288 million tons, surpassing the previous half-year record, according to Pilbara.
🇦🇺Iron Ore Exports From Hedland Port Hit Record 54.6 Million Tons in June Iron ore exports from Australia's Port Hedland reached a record 54.6 million tons in June, with YTD shipments hitting 288 million tons and surpassing the previous half-year record, according to Pilbara https://t.co/ilnqh7X41Z
Australia’s Top Iron Ore Port Reports Record Export Levels