Subscribe to RSS feedEuropean steel mills now importing Brazilian ore
STEEL mills in Europe have started importing iron ore from Brazil for the first time since January, boosting sentiment for a recovery in transatlantic trade for capesize bulk carriers.
BRAZILIAN IN STYLE: The ThyssenKrupp steel plant in Duisberg, Germany.
The Atlantic capesize market had shown “encouraging” signs of activity for iron ore shipments, rather than steam coal, Norwegian broker Fearnleys said in its weekly report.
“It is only a trickle, but in a devastated European steel market it...
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