Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-intensive governmental stimuli put forward to assist in Chinese economy’s rebound post-covid in tandem with …
The post Finally some backed optimism in the dry bulk sphere: Capes benefiting from China’s hunger for iron ore first appeared on Hellenic Shipping News Worldwide.