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.
China’s Zhanjiang Port Group (ZPG) plans to build a 400,000t iron ore berth in southern Guangdong province to take advantage of the rapid expansion of Brazilian miner Vale’s activities in the country.
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