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.
Iron ore miner Rio Tinto has said that it is restarting its iron ore mines in the Pilbara region of western Australia after a two-week shutdown intended to reduce production by about 10%.
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