Port Hedland Iron Ore Shipments Drop in June, Authority Says

Iron ore shipments from Australia’s Port Hedland, the world’s biggest bulk terminal, declined from a record last month.

Exports totaled 27.7 million metric tons in June from 27.9 million tons in May, while shipments to China were 22.9 million tons last month from 23.3 million tons in May, data on the Port Hedland Port Authority’s website showed. Still, total shipments averaged 924,823 tons a day in June compared with 899,945 tons a day in May, according to Bloomberg calculations.