Port Hedland iron ore shipments to China up 12%

Iron ore shipment to China from Port Hedland totalled 16.7 million tonnes in August, up 11.9% from levels seen in July despite the dramatic fall in prices.

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

China received 14.95 million tonnes of iron ore from the Australian port in July.

South Korea surpassed Japan in iron ore imports from Port Hedland in August, receiving a total of 2.7 million tonnes, up from 1.5 million tonnes in July, according to data released by the Port Hedland Port Authority on Friday September 7.

Like South Korea, Japan also saw its iron ore imports rise. August shipments totalled 2.4 million tonnes, compared with 2.15 million tonnes in July.

But Taiwan’s imports dropped to 422,002 tonnes in August from 572,133 tonnes a month earlier.

Metal Bulletin’s 62% Fe cfr China Iron Ore Index went from $119.13 per tonne on August 1 to $89.70 per tonne on August 31.

What to read next
Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.
Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.
Learn why delayed universal definitions of green steel means pricing green steel remains a challenge
Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.
Learn more on why advancements in “green steel” considered unachievable in geographical isolation and require the collaboration of all stakeholders in all regions if they are to succeed.
Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.