Iron-Ore Shipments From Australia's Port Hedland Decline

   By Rhiannon Hoyle

SYDNEY--Iron-ore exports from Australia's Port Hedland fell by 7.3% on-month in October, according to the latest data from the local port authority.

Cargoes of iron ore leaving Port Hedland, the world's largest iron-ore shipping hub, totaled 36.5 million metric tons last month, versus 39.4 million in September, Pilbara Ports Authority said in a monthly report. Shipments destined for China fell to 30.7 million tons from the prior month's 33.8 million, it said.

Mining companies including BHP Billiton Ltd. (BHP.AU), Australia's No. 2 iron-ore miner, Fortescue Metals Group Ltd. (FMG.AU) and Atlas Iron Ltd. (AGO.AU) use Port Hedland. The port is located in Australia's remote northwest Pilbara region, which supplies more than half of all the world's iron ore traded by sea.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

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(END) Dow Jones Newswires

November 03, 2015 23:23 ET (04:23 GMT)

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