Tag: Global seaborne iron ore trade rises 5% y-o-y in 2023

Global iron ore trade volumes inched up by around 5% on the year to 1.59 billion tonnes (bnt) in CY’23 from 1.52 bnt recorded in CY’22. The increase was wholly due to the marginal rise in Chinese crude steel production in CY’23 amid the lack of any definite policy of production cap of the Chinese…