Global iron ore shipments increased 3.8% Y/Y, according to BIMCO
NewsGlobal iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.
Companhia Siderúrgica do Pecém (CSP) and POSCO Engineering & Construction (POSCO E&C), an affiliate of the South Korean steel group POSCO, have signed a contract for the construction of the CSP steel mill in northeastern Brazil.
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