Chinese port stocks rise further as steel demand softens
Iron ore market fundamentals softened further in July as Chinese steel demand remained subdued and port inventories continued to build. While Australia’s and Brazil’s exports face growing headwinds, Simandou is steadily establishing itself as a new source of high-grade supply, with implications that extend beyond the iron ore market. KEY TAKEAWAYS • Global iron ore ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
