… cleared a backlog of ships delayed by 2 recent cyclones near Port Hedland.
Meanwhile, Asian steel mills, fearing prolonged disruptions, secured replacement cargoes from South Africa or India. After a quiet post-monsoon period, Indian exports surged to 1.6Mt/Wk in late February, marking the first YoY increase in 5 months.
Is this a short-term swing or the start of a broader shift? Let’s discuss. For further insights, contact: [email protected].