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    iron-investing

    Iron Ore Shipments Slowed

    Investing News Network
    Apr. 05, 2012 03:33PM PST
    Base Metals Investing

    Reuters reported iron ore shipments to China through Australia’s Port Hedland were down modestly to 14.0 million tonnes in March due to a cyclone.

    Reuters reported iron ore shipments to China through Australia’s Port Hedland were down modestly to 14.0 million tonnes in March due to a cyclone.

    As quoted in the market news:

    Total iron ore shipments from the port dropped to 18.66 million tonnes in March from 19.58 million tonnes a month earlier, according to the data.

    Port Hedland authorities closed the anchorage for 66 hours and the port for a total of 52 hours in mid-March due to Tropical Cyclone Lua, which crossed the coast 100 km (60 miles) north of the facility.

    Click here to read the full Reuters report.

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