Iron ore exports from Western Australia's Port Hedland fell year on year and month on month in October, leading to tighter supplies of Australian material in the seaborne market and pushing prices above $75 per tonne cfr China.
The port shipped 40.18 million tonnes of the steelmaking raw material last month, down by 2% from October 2017, according to data released by the Pilbara Ports Authority on Tuesday November 6.October's shipments were also 7.7% lower than September's 43.51 million tonnes.Fastmarkets'...