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Daily iron ore price update (catastrophic)

October 13, 2021 - 09:30 -- Admin

The ferrous complex was catastrophic on October 12, 2021 as spot was smashed, paper eased and steel was thumped: Oddly, spot traded off crashing Singapore futures rather than a calmer Dalian. Anything seems possible these days. The underlying conditions are extraordinary. CISA’s late September output cratered 11% to lower output than 2013: Some (a lot)

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