Tag: Global Iron Ore Export
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Global iron ore exports rise 5% w-o-w as Australian shipments rebound; Capesize freights soften
China’s winter restocking continues, but weak steel margins limit buying Softer Capesize rates, ample vessel supply drag down freight sentiment Global iron ore exports increased 5% to 29.27 million tonnes (mnt) in week 46 (08-14 November) from 27.80 mnt a week earlier, supported by a strong rebound in Australian shipments and continued gains from India…