INTERDEPENDENCE BETWEEN IRON ORE PRODUC TION AND MARITIME TRANSPORT.

The maritime industry plays an important role in international trade, transporting a total of 10,1 billion tons of merchandise in 2015, representing over 80% of all global trade, with dry cargo estimated to account for over two thirds of the total seaborne trade. Bulk carriers supply the raw materials needed by the steel industry and container ships transport the steel products. Demand and supply for seaborne transport is influenced by trends in global economy and worldwide demand for commodities. The paper analyzes the most important economic determinants in the supply of metallurgical raw materials, highlighting the importance of the shipping sector. [ABSTRACT FROM AUTHOR]