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Dry Bulk Europe Political and Trade

ArcelorMittal’s Europe steel output cuts expected to hit dry bulk market

Following an announcement in early May, one of the world’s largest steel-makers has said it will reduce production in Europe due to persistent market weakness. This is a somewhat bearish sign for dry bulk shipping due to lower requirements for raw materials like iron ore and coking coal

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The cuts in Europe follow troubles at British Steel’s plant in the UK, pointing to lower demand for raw materials that are typically carried on dry bulk vessels

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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