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.
Australia’s self-proclaimed ‘new force in iron ore’, Fortescue Metals Group, is to proceed with a massive expansion of its Pilbara activities after successfully completing the refinancing of its debt.
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