The ferrous complex was mixed overnight as spot climbed and paper fell. Steel has not updated. Chinese steel output via CISA remains very strong for late March: With steel prices so high it will be very difficult to prevent mills from keeping steel output high. This is bullish for iron ore at the margin. Nonetheless,
The post Daily iron ore price update (booming output) appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]