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.
Fortescue Metals Group, Australia’s third-largest iron ore producer, has reported that shipments rose 6% in the quarter ended June from a year earlier after commissioning a new processing plant at Christmas Creek.
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