Global iron ore exports are down 9% per week as Australian shipments fall and the freight market remains stable

Global iron ore exports decreased by 9 percent to 27.80 million tons in the 45th week (November 01-07, 2025) from 30.70 million tons in the 44th week (October 25-31), as a sharp drop in shipments from Australia outweighed moderate increases in shipments from Brazil, India, Chile and South Africa. While overall trading activity has slowed, freight market sentiment has improved, with solid Capesize rates and steady resupply demand from China providing some support for vessel utilization.

Despite sustained buying interest ahead of winter, muted steel output and high port stocks in China continued to put pressure on maritime demand, holding back export momentum from key suppliers. Milder Australian loads and logistical constraints in Canada further contributed to the weekly decline.

Shipments to Australia are falling due to weak chartering

Iron ore exports to Australia fell 16 percent on the week to 15.77 million tons on week 45 from 18.82 million tons a week earlier, the lowest level in four weeks. Reduced ship turnover at key Pilbara ports and selective planning by large miners have affected overall throughput. Loading from Port Hedland (10.45 million tons), Walcott (2.69 million tons) and Dampier (2.45 million tons) reflected a slowdown in activity, while operational adjustments and slower chartering amid ongoing maintenance cycles further reduced shipments.

Among the major mining companies, BHP (6.12 million tons), Rio Tinto (5.13 million tons) and FMG (3.18 million tons) collectively accounted for the majority