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Iron ore downgraded

March 1, 2024 - 08:00 -- Admin

Rebar and SGX futures cannot catch a bid: Early next week is the “Two Sessions” in Beijing with markets expecting a 5%ish growth target. It will need to pack more punches than just that number to lift iron ore. Assuming a 2024 CPI and GDP deflator of a marginally improved -1%, 4% real growth with

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