Port Hedland iron ore exports hit record high in May

Iron ore exports out of Australia’s Port Hedland hit a new high in May, according to figures released on Thursday June 4 by the Pilbara Ports Authority.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The world’s largest bulk export terminal shipped a record 38 million tonnes of the steelmaking raw material last month, compared with 36.05 million tonnes a year ago.

Shipments were also up 7.4% from 35.38 million tonnes in April.

China, the world’s largest consumer of iron ore, imported 31.69 million tonnes from the port in May, up 6% from 29.9 million tonnes a year ago. Volumes were also up from 30.12 million tonnes in April.

Shipments to Japan dropped by 13% on a yearly basis to 2.15 million tonnes, although volumes were up by close to two thirds from the 1.29 million tonnes shipped in April.

A total of 2.58 million tonnes of the steelmaking raw material were shipped to South Korea last month, compared with 2.96 million tonnes in May 2014. Figures were down 9% from April.

Shipments to Taiwan totalled 644,260 tonnes in May, down from 712,133 tonnes a year ago. Volumes were up by more than a third month-on-month, however.

The Australian port did not ship any iron ore to India in May for a fourth consecutive month.

Port Hedland shipped a total of 182 million tonnes of iron ore during the first five months of 2015, an increase of 13% from year-earlier levels.

Detailed cargo statistics for the Port of Dampier are changed to report on a quarterly basis.

BHP Billiton and Fortescue Metals Group export iron ore mainly from Port Hedland, while Rio Tinto ships through the Port Dampier.

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed