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.
Russia’s Severstal, one of the world’s leading steelmakers, has acquired a 25% stake in the Brazilian iron ore exploration company SPG Mineração for US$49M.
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