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.
South Korean steelmaker Dongbu Steel, together with state-run Korea Resource Corporation, has signed a memorandum of understanding with South Africa’s Kermas to develop iron ore and titanium in South Africa.
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