Iron ore shipments up 3.8% despite weak Chinese demand

Published: 23 April 2024

In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead.

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Iron ore shipments up 3.8% despite weak Chinese demand

Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions

Container rates drop 28%, worst first quarter in twenty years

Chinese coal imports expected to fall 15% to three-year-low

Iron ore shipments up 3.8% despite weak Chinese demand

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Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions

Container rates drop 28%, worst first quarter in twenty years

Chinese coal imports expected to fall 15% to three-year-low

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