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.
The world’s largest steelmaker ArcelorMittal is reported to be in talks with India-based Indiabulls Real Estate to form a joint venture for mining coal and iron ore in India.
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