Excavators move iron ore at Port Hedland in Australia. Photo: Bloomberg
Excavators move iron ore at Port Hedland in Australia. Photo: Bloomberg

Australian miners Rio Tinto and Fortescue post record iron ore shipments as China industrial recovery continues

  • Rio Tinto and Fortescue Metals Group have seen a surge in iron ore shipments to China, as infrastructure and property construction drive demand for steel
  • Rio Tinto says demand from China has absorbed the additional iron ore diverted from weaker steel markets in Europe and Asia

Excavators move iron ore at Port Hedland in Australia. Photo: Bloomberg
Excavators move iron ore at Port Hedland in Australia. Photo: Bloomberg
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