Port Hedland iron ore exports fall

By Dow Jones newswires

Iron ore exports leaving Australia's largest bulk-commodity port declined last month on weaker shipments to not only China, but other key buyers like Japan. A total of 33. 6 million metric tons of the steelmaking ingredient was shipped through Port Hedland in June, down 6. 8 per cent from 36. 1 million tons a month earlier. A 720,000-ton, or 2. 4 per cent, drop in exports to steel-hungry China helped underpin the slide.

Read more here: Business Spectator


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