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.
Pohang Steel Company (POSCO) of South Korea, which signed a Memorandum of Understanding (MOU) in June to build a 12 mtpa capacity steel plant in India, has now decided to build a new facility at Paradip port to handle its imports and exports.
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