Iron ore roaches seethe
Iron ore is staging a little recovery, just for fun. The normalised price, accounting for elevated freight costs, is roughly $10 lower. Chinese demand remains poor. The forward orderbook trend of most steel mills picked up MoM in September, and saw weaker than normal seasonality. High-frequency weekly data suggest steel demand declined by 6.0% yoy The post Iron ore roaches seethe appeared first…
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