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.
Rio Tinto, China Baowu Steel Group and Tsinghua University have signed a trilateral Memorandum of Understanding to explore ways to improve environmental performance across the steel value chain.
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