Iron

The Street reported a recent decline in Chinese steel stockpiles could be a boon for beaten-down dry-bulk stocks.

The Street reported a recent decline in Chinese steel stockpiles could be a boon for beaten-down dry-bulk stocks.

As quoted in the market news:

China is the single-largest global importer of iron ore, and a bump in shipments would mean more capesize business for DryShips, Eagle Bulk Shipping, Excel Maritime Carriers, Genco Shipping & Trading and others.

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