Oz Blog News Commentary

Iron ore melts up into thin air

September 18, 2023 - 09:30 -- Admin

The current rally in iron ore shows that any market can be squeezed. Because the China iron ore supply chain is relatively restocked, it is vulnerable to speculative price moves, but do not mistake this for underlying demand. Steel production fell in August and is below 2019: Output growth so far this year is 24mt.

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