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...