Tag: Australia Port Hedland

Mild increase in exports to support Capesize freight demand Cautious China steel demand may limit freight rate hikes Australian iron ore shipments rose 5.3% m-o-m to 62.92 million tonnes (mnt) in May 2026 from 59.77 mnt in April, supported by stronger loadings at Port Hedland and improved Pacific trade flows. However, gains were partially offset…