Pilbara killer goes berserk
Iron ore has been holding for a few days, but the free fall in HRC is a bad omen. My freight-adjusted CFR estimate is hovering around $83. Simandou is going berserk. In mid-October, it shipped a record 1.58mt in a single week. October itself is on track for about 5.5mt. My aggressive ramp-up forecast is The post Pilbara killer goes berserk appeared first on MacroBusiness .
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
