Australian iron ore exports update

Iron Ore

Official data confirm Australia exported 62.3 Mt of iron ore (wet basis) in April, marking the first annual decline since February 2011. Shipments in January-April were still up 21.3 Mt or (+9%) from the corresponding period in 2014, at 251.0 Mt. Port authority data shows that iron ore exports from Port Hedland hit an all-time high of 38.0 Mt in May, some 0.5 Mt above the previous peak in October 2014.