Port Hedland Has Busiest Month Shipping Iron as Supply Rises
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Australia’s Port Hedland shipped the most iron ore on a daily basis last month as suppliers increased output through the world’s largest bulk-export terminal.
A total of 1.27 million metric tons were shipped each day in February, according to Bloomberg calculations based on port authority data on Wednesday. That surpassed the previous high of 1.21 million tons a day in September. Daily shipments of the raw material to China averaged 1.08 million tons last month, ahead of the previous record of 1.033 million tons in August.