Blogotariat

Oz Blog News Commentary

Daily iron ore price update (My god, China now has a steel glut)

September 22, 2021 - 00:05 -- Admin

It just keeps getting worse for the ferrous complex. China now has a steel glut. Levels are higher than this time last year which is very high: But steel output is well below 2020: So the inventory to sales ratio is climbing fast despite all of the output cuts. Just as bad, iron ore inventory

The post Daily iron ore price update (My god, China now has a steel glut) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]