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.
China is expected to take 50% of Australian mining giant BHP Billiton’s iron ore output this year, up from 20% in 2002, according to a company official.
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