Iron-ore glut to persist with third-largest exports from Port Hedland

June 7, 2016

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Iron-ore shipments from Australia’s Port Hedland, the world’s largest bulk export-terminal, expanded to the third-highest level on record, signalling that a global surplus is set to persist.

Exports totaled 39.4-million metric tons last month from 37.7-million tons in April and 38-million tons a year earlier, according to data from the port authority. Shipments were a record 39.5-million tons in March.

Category: General