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.
Rio Tinto has reached the historic milestone of exporting 3 bt of iron ore from Australia, which it says highlights the exponential growth of the Pilbara since its first shipment of the steel-making ingredient in 1966.
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