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Australia's exports of iron ore to China hit a new high

Writer:JIEFU       Date:2017/1/5 16:04:57

The use of Australia's port for export of BHP Billiton (BHP) and FortescueMetalsGroup increased the production of China, resulting in December iron ore exports hit a new record of 37 million 400 thousand tons.
According to PilbaraPortsAuthority data, in December by the total amount of Iron Ore Port Hedland exports also rose to a record 43 million 900 thousand tons.
Prior to China's exports and total exports in August last year, 35 million 500 thousand tons and tons of tons in.
China stimulus helps maintain the steel production, resulting in iron ore prices soared 80% last year.
Port Hedland is the world's largest iron ore export port. Data show that in December through the port of export to China iron ore rose 11% over the previous month, total exports rose 7%.
Analysts expect BHP and Fortescue to record quarterly production later this month.


Category:Industry News