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Port Hedland Iron Ore Shipments Steady in November

Iron Ore

Iron ore shipments from Port Hedland were almost unchanged from the year-ago level in November at 41.4 Mt as higher exports to China (+1.6 Mt to 35.2 Mt) countered lower shipments to Japan (-0.3 Mt to 1.5 Mt) and South Korea (-1.1 Mt to 2.9 Mt). Nevertheless, strong growth in the 1h17 meant exports in January-November were still up by 15.9 Mt on the same period last year at 450.9 Mt.