Iron Ore Shipments to China From Port Hedland Drop From Record
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Iron ore exports to China from Australia’s Port Hedland declined from an all-time high last month amid record stockpiles at ports in the world’s largest buyer of the steel-making raw material.
Shipments from the world’s biggest bulk export port to China were 29.2 million metric tons from the record 29.9 million tons in May and 22.9 million tons a year earlier, data on the port authority’s website showed today. Total shipments were 33.6 million tons from a record 36.1 million tons in May and 27.7 million tons in June 2013, the data show.