Port Hedland Iron Ore Shipments to China Drop to Seven-Month Low
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Iron ore shipments to China from Australia’s Port Hedland declined to the lowest level in seven months as the world’s biggest buyer ordered some mills to curb output to cut pollution before a global summit in November.
Shipments from the world’s biggest bulk-export terminal totaled 29 million metric tons last month, the lowest since April, according to port authority data. That compares with 31.7 million tons in October and 22.3 million a year earlier, data showed. Total exports were 34.4 million tons from a record 37.5 million in October and 28.1 million in November 2013.