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.
India’s Visakhapatnam and Paradip ports, which handle large quantities of iron ore, are considering ways of creating extra land for stacking iron ore consignments because of rising demand from exporters.
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