Australia’s iron ore (including pellets) export shipments remained largely stable in August 2022 at 70.98 million tonnes (mnt) compared to 71.35 mnt in July, according to the vessel line-up data maintained with SteelMint.
Owing to fall in exports to China on lack of demand and at the same time exports to other countries increased led the Australian exports stable in Aug’22 as per the SteelMint vessel line up data.
Exports to China fall 2%
Australia’s iron ore export shipments to the largest importer, China, recorded a 3% m-o-m fall at 58.82 mnt in August as against the previous month’s 60.38 mnt.
Japan was the second-largest among the top importers in August. The country imported 5.01 mnt of iron ore from Australia followed by South Korea at 4.39 mnt.
Shipper-wise performance
Rio Tinto’s iron ore shipments were the highest at 25.89 mnt in August 2022. These rose 4% in August m-o-m, followed by BHP and Fortescue Metals at 23.06 mnt (up 4% m-o-m) and 15.13 mnt (down 4% m-o-m), respectively.
Port Hedland exports inch down
Port Hedland exported 43.78 mnt of iron ore, down 3% m-o-m compared to 44.96 mnt in July. Exports from Port Walcott remained stable at 13.76 mnt followed by Port Dampier at 12.13 mnt.
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