Jittery dry bulk market to draw strength from steel

Middle East and Bric countries forecast to show healthy demand

Michelle Wiese Bockmann - Wednesday 10 September 2008

STEEL consumed by the Middle East and the so-called Bric countries — Brazil, Russia, India and China — will grow to exceed all other countries by 2013, according to estimates from Citi Investment Research analyst Johan Rode.

These healthy fundamentals for the steel and iron ore global markets underscored the strengthening prospects for...

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