Excavators move iron ore at Port Hedland in Australia. Photo: BloombergExcavators 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
Topic |   China economy
Excavators move iron ore at Port Hedland in Australia. Photo: BloombergExcavators 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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