Iron ore roaches meet the Mortein
The ferrous complex is enjoying a little bounce. The data is not. CISA output remains down 5.3% YTD. MySteel output is even worse. At least demand popped a bit. But it’s really just inventories which are materially higher YOY. Iron ore port inventories have been flat since May. The big news is the cockroach. The The post Iron ore roaches meet the Mortein appeared first on MacroBusiness .
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
