Iron ore exports from Australia rise by 14.6% in Jan-Sep
According to recent reports from the industry, iron ore exports of Australian producers showed a 14.6% increase in the January-September period. In addition, the increase in exports of the subject material is attributed to China's continously growing steel industry which is expected to import 150 million tons of steel by the end of the year. Figures reveal that China's iron ore import in the first nine months of 2003 grew up by almost 33% over same period previous year, reaching to 110.7 million tons from 83.1 million tons. Furthermore, shipments from Rio Tinto, BHP Billiton and Portman to China in the same period rose by 38.1%.