Shipping rates firm as global steel output, Chinese profits rise

Published: Thursday, 25 November 2010

Dry bulk rates increase on higher global steel manufacture, Chinese mill profits

The rate for sea-borne dry bulk rates grew this week on higher global steel output as well as rising Chinese steel profits, which could encourage more imports of steel feedstocks such as iron ore and coking coal.

But gains were limited after China banned the hoarding of fuels to stabilise...

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