According to Reuters, iron ore shipments from Australia’s port of Hedland terminal to China, experienced an increase by 14% in December from the previous month as shown by the port’s data.
Mainly, the Port of Port Hedland is the world’s largest bulk export port and is located in the East Pilbara region of WA, about 1,650 kilometres north of Perth. Trade through the port mostly consists of iron ore exports.
Moreover, iron ore shipments to China from the world’s biggest iron ore port reached an...
China’s iron ore imports decreased for a second month in November, driven mainly by reduced restocking demand at steel mills due to narrow profit margins. Namely, China imported 86.25 million tonnes of iron, which is a decrease of 2.4% from October.
The globe’s top steel producer brought in 86.25 million tons of iron ore last month, down 2.4% from 88.4 million tons in October and down 8.8 5% from 94.54 million tons a year earlier, data from the General Administration of Customs showed.