Iron-Ore Exports From Australia's Port Hedland Rise in May
June 07 2016 - 2:13AM
Dow Jones News
By Rhiannon Hoyle
Iron-ore exports from Australia's Port Hedland increased by 4.5%
on-month in May, according to the latest data from the local port
authority.
Cargoes of iron ore leaving Port Hedland, the world's largest
iron-ore shipping hub, totaled 39.4 million metric tons last month,
versus 37.7 million in April, Pilbara Ports Authority said in a
monthly report. Shipments destined for Japan and Korea increased,
while those to China were lower on-month, it said.
In May 2015, exports of the steelmaking commodity totaled 38.0
million tons.
Some of the country's largest miners including BHP Billiton Ltd.
(BHP.AU) and Fortescue Metals Group Ltd. (FMG.AU) use Port Hedland.
The port is located in Australia's remote northwest Pilbara region,
which supplies more than half of all the world's iron ore traded by
sea.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
June 07, 2016 01:58 ET (05:58 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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