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.
Jiangsu-based Nanjing Iron & Steel United Co says that it cut production by 10% for August because of weaker demand and higher raw material costs.
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