Iron Ore Shipments Slowed

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.