Port Hedland Iron Ore Shipments to China Reach Record on Demand

Iron ore exports to China from Australia’s Port Hedland climbed to a record last month as signs of rising steel production in the world’s biggest buyer boosted demand and miners increased supply.

Shipments from the world’s largest ore-export terminal totaled 27 million metric tons in March compared with 21.3 million tons in February and 19.1 million tons a year earlier, data on the port authority’s website show. Total exports were also a record at 34.4 million tons last month, rising from 27.8 million tons in February and 24.9 million tons in March 2013, the data show.