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AGO Atlas Iron Fpo (delisted)

0.045
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Atlas Iron Fpo (delisted) ASX:AGO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.045 0.045 0.046 0.00 01:00:00

Australia's Port Hedland Iron-Ore Exports Fall 13% in September

04/10/2012 10:57am

Dow Jones News


Atlas Iron (ASX:AGO)
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   By Stephen Bell 
   Special to Dow Jones Newswires 
 

PERTH--Iron-ore exports from Australia's Port Hedland fell in September, as shipments to China eased, port authority figures showed Thursday.

Exports from Port Hedland, one of the world's largest iron-ore terminals, fell 13% from August to 19.9 million metric tons. The port is the hub most used by BHP Billiton Ltd. (BHP) for its iron-ore exports. Fortescue Metals Group Ltd. (FMG.AU) and Atlas Iron Ltd. (AGO.AU) also ship from there.

Demand for iron ore from China, the world's biggest importer of the steelmaking ingredient, has been falling in tandem with an economic slowdown.

Port Hedland shipped 15.1 million tons--or 76% of total volume shipped--to China in September, down from 16.7 million tons a month earlier, the port authority said.

Shipments from the port to other key export markets, including Japan and South Korea, also fell, it said.

Write to Stephen Bell at djnews@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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