Iron ore clings to hope
Iron ore has had a few better days, tracking HRC. My freight-adjusted chart has improved a little. Late October CISA data was down 3% YOY. Pretty weak. MySteel was worse. Demand improved slightly but still sucks. Steel inventory is stable YOY. Real estate is still awful. There’s a little stimmy pulse. It’s pretty gloomy, but The post Iron ore clings to hope appeared first on MacroBusiness .
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