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’s third-largest steel producer, Wuhan Iron & Steel Group Co (WISCO), is to take a 60% stake in five iron ore projects being developed by Adelaide-based Centrex Metals Ltd at a cost of A$160M.
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