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Rise in Aussie Iron Ore Export to China
World Economy

Rise in Aussie Iron Ore Export to China

Iron ore shipments to China from Australia’s Port Hedland, used by miners such as BHP Billiton, rose nearly 12% in March, data showed on Tuesday, Reuters said. Exports to China from the port—the world’s largest of its kind—reached 32.59 million tons in March, up from the 29.14 million tons in February, Pilbara Port authority figures showed. Stronger Australian iron ore exports helped underpin an upturn in prices for the steelmaking raw material. Iron ore ended January-March with a 24% gain after pushing above $50 a ton.

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