Australia-based Rio Tinto, the world's second biggest iron ore producer, has declared force majeure on its iron ore shipments to certain customers due to the fire at its Cape Lambert export terminal in Australia.
“Rio Tinto is assessing the full impact of the damage and will do all it can to try and minimize disruption to our customers,” the Rio Tinto statement reads.
After graduating from Boğaziçi University with a degree in English Language and Literature, I have spent the past 15 years developing deep expertise in the steel industry. At SteelOrbis, I serve as Head of Content Department. I write and edit comprehensive news and reports on steel markets, with a primary focus on the Turkish market as well as global market dynamics.
29 Jul | Steel News
29 Jun | Steel News