In the second week of September, despite the ongoing challenges surrounding China’s economic recovery and uncertainties regarding grain trade negotiations between Ukraine and Russia, we observed a continued firm momentum of freight rates.

Antaq, the sea transportation authority in Brazil, has granted authorization for the construction of an iron ore sea terminal in ltaguai, in the southeastern state of Rio de Janeiro.

Pilbara Ports Authority has delivered a total monthly throughput of 62.8 million tonnes (Mt) for August 2023, consistent with the August 2022 throughput.

These giant dumps of ore totalling an estimated 700 mnt lying within and often outside leaseholds that were considered too poor for Goa's original clients

Brazilian miner Vale said on Tuesday it expects to start building "mega hubs" in Middle Eastern countries next year to make low-carbon iron ore products for the steel industry, with the first one becoming operational in 2027.

No. 2 iron-ore miner Vale said the outlook for China’s steel-intensive property sector is “more encouraging” despite uncertainties, and reiterated its long-term view of the global steel market remains intact.

The company reported total iron ore sales of 3.54 million mt during the month, up 25 percent year on year.

During the period, China imported a total of 669 million tons of iron ore, up 6.9 percent from the same period last year, according to the data.