The China Iron and Steel Association (CISA) said on Tuesday that iron-ore discharging difficulties and port congestion issues are likely to ease in mid- or late-August as the weather improves and the coronavirus is under control.
The number of iron ore vessels stuck at ports has increased recently due to increment weather conditions, restrictions to contain the pandemic and ships arriving at the same time, according to the CISA, disrupting flows of the key steelmaking ingredient.