Bulkers

Capesize bulker sector recedes as fears of Chinese steel cutback swirl

World’s largest steelmaker may reportedly cut production by 2.5% this year to lower emissions, a move that would hurt iron-ore demand

A capesize bulker is being loaded with iron ore at Porto Sudeste, Brazil. Capesize spot rates fell on Wednesday as fears of China cutting back on steel output rippled through the market.
A capesize bulker is being loaded with iron ore at Porto Sudeste, Brazil. Capesize spot rates fell on Wednesday as fears of China cutting back on steel output rippled through the market.Photo: Trafigura
Stamford
Published 22 March 2023, 19:47Updated 23 March 2023, 15:13
BrazilBaltic ExchangeIron oreClarksons SecuritiesFrode Morkedal