When all you have is a shovel, everthing looks like iron ore
The ferrous market does not look well to me. Scuttlebutt is pretty good. The benchmark July iron ore on the Singapore Exchange was 0.15% higher at $93.65 a ton. Hot metal production, a gauge of iron ore demand, inched up 0.24% week-on-week to 2.422 million tons, as of June 20, according to data from Chinese