It is reported that the smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron ore prices signal improving Chinese demand that will ease the transport glut. Deutsche Bank AG said Chinese steel prices rose 4.7% last week, the most in 11 months.
Green Marine
about 16 years ago
China steel rebound signals bottoming of shipping rates
It is reported that the smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron ore prices signal improving Chinese demand that will ease the transport glut. Deutsche Bank AG said Chinese steel prices rose 4.7% last week, the most in 11 months.
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