Blogotariat

Oz Blog News Commentary

Fortespew as iron ore falls again

February 29, 2024 - 08:30 -- Admin

Rebar and SGX futures did better yesterday: However, Dalian struggled and puked overnight: The scuttlebutt is still negative: Even Beijing’s biggest-ever cut in the benchmark mortgage rate to revive the ailing property market failed to support prices, which typically get a boost from such stimulus. The declining prices aren’t necessarily bringing much relief to steelmakers,

The post Fortespew as iron ore falls again appeared first on MacroBusiness.