Iron ore in 2021 is looking like… iron ore in 2020 | Hellenic Shipping News Worldwide
Iron ore in 2021 is looking like… iron ore in 2020 The fate of the market for iron ore — Australia’s most valuable export at $102bn in the 2019-2020 financial year — is squarely in the hands of its largest customer, China according to ASX news site StockHead. As the world’s largest producer of steel at 1.1 billion tonnes in 2020, China consumes massive volumes of iron ore, much of it shipped from Australia. “China usually accounts for ~70 per cent of the world’s iron ore imports,�...
Source: hellenicshippingnews.com