Iron Ore Gains on Supply Disruption Risks in Commodity News 15/06/2026 Iron ore futures climbed toward CNY 770 per ton, recovering from near two-month lows as supply concerns emerged at Australia’s key iron ore hub, Port Hedland, where an impending strike by BHP workers threatened to disrupt shipments. Two labor unions said a majority of members had voted in favor of industrial action that could begin within days, with workers seeking better pay and working conditions. Prices also drew support from easing Middle East tensions after the US and Iran reached an agreement to end the conflict and reopen the Strait of Hormuz. Meanwhile, industry data showed iron ore stockpiles at major Chinese ports increased to 160 million tons last week, pointing to abundant supply. China’s iron ore imports fell nearly 6% in May from the previous month, contrary to expectations for a rise, as steelmakers kept purchases limited to near-term requirements ahead of a seasonally softer demand period. Source: Trading Economics 2026-06-15 hellenicshippingnews... tweet Share