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.
The world iron ore market achieved an all-time high for production in 2011 of 1.92 bt, up 4.7% from 2010, largely on growing demand from China, according to a report from the United Nations.
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