China’s steel output to contract in 2020
China, the world’s biggest steel producer, will see a minor contraction next year, according to the World Steel Association’s outlook report. The impact on dry bulk shipping is already being felt as China increases its use of scrap metal, leading to lower iron ore imports
China’s iron ore imports fell 5.6% to 10.3m tonnes in the first two months of the year, according to BIMCO
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