High iron ore price halts capesize retreat

Capesize rates are back up following a two-day descent late last week as iron ore futures surged to $226 per tonne on the back of formidable demand from China. “The supply of iron ore continues to be in deficit in relation to demand, thanks to China’s “robust” steel consumption, coupled with strong recovery in other countries” comments MSI. Read more in Lloyd’s List

High iron ore price halts capesize retreat

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