SMM Brief: Iron Ore Shipments Expected to Rebound in Q1 Despite Cyclone Impact

[SMM Brief Analysis: Limited Impact of Cyclone, Iron Ore Shipments in Q1 Likely to Rebound as Usual]

As of February 18, 2025, Australia's total iron ore shipments reached 104.97 million mt, a YoY decrease of 5.63 million mt. Brazil's total iron ore shipments decreased by only 1.62 million mt YoY compared to 2024. If weather conditions in the Southern Hemisphere improve in the future, causing no significant disruptions to shipments, the total shipments in Q1 2025 are highly likely to recover to the average levels of previous years...