Dry bulk rates climb on Indian iron ore rush

Published: Thursday, 10 March 2011

Shipping rates up as Chinese steel mills restock before Indian tax, forecasters bullish

Shipping rates for dry bulk raw materials continued climbing this week, on Chinese steel mills rushing in to buy iron ore before India imposes an export tax and on bullish forecasts for raw materials for the next few years.

The Baltic Dry Index (BDI) was up at 1472 on 9...

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