The global iron ore market has reported a 5% year-on-year increase in exports for the first half of the year, reaching a total of 1.59 billion tons. This growth has been attributed to a modest rise in steel production, which occurred without any significant policy restrictions on production from the Chinese government.
The data, provided by SteelMint, indicates that the absence of stringent production limits has allowed for a steady growth in trade. The increase in exports is a positive sign for the industry, suggesting a resilient demand for iron ore despite the various economic challenges faced globally.