Tag: FMG

Winter restocking continues despite weak steel margins Freight sentiment improves on tighter tonnage   Global iron ore exports declined 10% w-o-w to 26.45 million tonnes (mnt) in week 47 (15-21 November) from 29.27 mnt in week 46, largely due to a significant contraction in Australian shipments. The fall outweighed solid rebounds from Brazil, Peru and Canada,…