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.
BHP Billiton estimates that approximately 100 Mt of incremental lower cost seaborne iron ore supply will enter the market in the 2015 calendar year, outweighing demand growth.
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