Iron ore shoved to the brink
Iron ore futures were stable Friday, but steel is breaking. HRC is at 18-month lows. My freight-adjusted CFR iron ore price has fallen again as C5 bounces. We are hovering around $82. Iron ore inventories are stable. Steel inventories are finally down slightly YOY. Steel demand sucks. Steel production sucks even more. China’s poo brown The post Iron ore shoved to the brink appeared first on…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
