Story perspectives
Global Trade Turmoil: Tariffs Disrupt Shipping and Steel Markets
6/11/2025
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Story summary
- New tariffs are causing volatility in global trade, particularly affecting shipping routes between China and the US.
- Capesize ships experienced a 46% volume increase in April 2025, despite declining settlement prices.
- US tariffs are impacting China's steel production and influencing iron ore shipments to Vietnam and South Korea.
- Guinea's Simandou mine could transform China's steelmaking strategies by providing high-grade ore.
- Iron ore is increasingly recognized as a valuable global commodity and portfolio diversifier.
