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BHP iron ore shipments steady as Vale downgrades again

Peter Ker

BHP is expected to confirm its flagship iron ore division remains on track to meet its full-year export target, allowing the company to capitalise on an extremely weak performance by the world's biggest producer of the steelmaking ingredient.

Analysts think BHP shipped just more than 68 million tonnes of iron ore from Western Australia over the past three months, with Tuesday's quarterly update set to come just 72 hours after Brazilian miner Vale downgraded its iron ore "fines" production target by between 7 per cent and 9 per cent.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/free-kick-for-australian-iron-ore-miners-as-vale-downgrades-again-20200420-p54lat