Iron Car­goes Jump10% on ‘Strong Sup­ply’

The Economic Times - - Commodities Plus -

Iron ore ship­ments by the world’s largest pro­duc­ers ex­panded 10% in the first three months com­pared with the same pe­riod last year, ac­cord­ing to San­ford C Bern­stein & Co, which said it ex­pected pro­duc­tion to be strong this year. Com­bined ex­ports to­talled an es­ti­mated 270 mil­lion MT in the first quar­ter.

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