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.
An iron ore export terminal project at Brazil’s Port of Santos may be in doubt after the Federal Public Ministry (MPF) undertook a civil action asking the Justice Ministry to suspend whatever authorisation was given to allow work to begin at the Port of Brites in Largo Santa Rita.
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