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 55 Mtpa Roy Hill Iron Ore Project made its first shipment from dedicated facilities at Western Australia’s Port Hedland on 14 December, just as world iron ore prices hit historic lows.
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