Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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Mormugao Port Grows As Key Gateway on Indias West Coast

Mormugao Port Grows As Key Gateway on Indias West Coast

Mormugao Port, located in Goa, India, is a significant deep-water port on the western coast of India. It primarily handles iron ore exports and coal imports, with recent additions of liquid bulk and general cargo handling. Renamed Mormugao Port Authority in 2022, it faces opportunities and challenges related to modernization and sustainable development.

08/05/2025 Port Encyclopedia
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Villa Constitucin Paran Rivers Bulk Cargo Hub Expands Operations

Villa Constitucin Paran Rivers Bulk Cargo Hub Expands Operations

This paper provides an in-depth analysis of the Port of Constitución in Argentina, focusing on its geographical location, operating hours, berth facilities, cargo throughput capacity, and services offered. The port is a significant bulk cargo hub along the Parana River, playing a crucial role in the transportation of commodities, particularly grains and iron ore. Its strategic location and efficient operations contribute significantly to Argentina's export capabilities and regional trade.

09/29/2025 Port Encyclopedia
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Classification and Analysis of Iron Screws Under HS Code

Classification and Analysis of Iron Screws Under HS Code

This article analyzes the HS classification of steel screws, detailing the various classifications of screws under heading 73.18, including square head screws, wood screws, and self-tapping screws. It discusses the characteristics of these different types and the applicable HS codes to aid in understanding the classification rules for screws in international trade. Grasping this information is crucial for professionals engaged in related businesses.

07/21/2025 HS Code Query
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HS Code 72 Steel Products Shape Global Trade Dynamics

HS Code 72 Steel Products Shape Global Trade Dynamics

This article provides a detailed analysis of iron and its alloy products related to the HS codes of the 72 series, including pig iron, ferromanganese, ferrosilicon, and ferrochrome. By explaining the product codes and their significance, readers will gain a deeper understanding of the classification of goods in international trade and its impact on the industry.

08/05/2025 HS Code Query
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Reforming the West Land-sea New Corridor to Enhance Iron-sea Combined Transport Capacity

Reforming the West Land-sea New Corridor to Enhance Iron-sea Combined Transport Capacity

The New Western Land-Sea Corridor faces multiple challenges in enhancing its iron-sea intermodal transportation capabilities, including inadequate infrastructure, weak industrial coordination, and a lack of regional cooperation. By strengthening infrastructure development, integrating resources, and optimizing policy guidance, it is possible to improve the overall transportation efficiency of this corridor, thereby supporting the economic development of the western region.

07/23/2025 Logistics
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