Iron ore roaches seeth
The ferrous complex is trading like Chinese stimulus is flowing like the good old days. But it’s not, even if it’s trying. It’s still crushed by realty with no end in sight. Turning to steel, demand is down a meaty 5.6% yoy. While production has all but collapsed. Yet inventories are not coming down. And The post Iron ore roaches seeth appeared first on MacroBusiness .
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