Don’t pop the champagne yet over China iron ore figures, says SSY research chief

High Chinese steel exports and iron ore imports have been one of the dry cargo success stories in 2024 to date, but researchers have warned the bulker market not to get too too excited.

Chinese iron ore imports hit a six-month high in July at 102.8m tonnes, up year on year by 6.7%, according to official trade data. The commodity is a key generator of shipping demand for capesize and newcastlemax bulkers.