Iron Glut to Persist With Third-Largest Exports From Hedland

  • Shipments may push up port inventories in China, Shenhua says
  • Port Hedland in Australia handles cargoes from BHP, Fortescue

Iron ore shipments from Australia’s Port Hedland, the world’s largest bulk-export terminal, expanded to the third-highest level on record, signaling that a global surplus is set to persist.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.