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.
Russia’s biggest steel maker Severstal is to buy 16.5% of African iron-ore miner Core Mining for $15M in order to expand its raw material base.
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