Chinese iron ore imports on track for record-breaking year
Chinese iron imports rose by 2.8% to 181.5m tonnes In the first two months of 2021, BIMCO data shows. That is an increase of 4.7m tonnes compared with the previous year
BIMCO’s chief shipping analyst Peter Sand expects Chinese iron ore imports to rise to record levels on the back of continued recovery in domestic steel heavy industries. In the long term, though, he believes the shipping industry cannot count on Chinese iron ore imports to continue to grow at the current pace