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Iron ore dead cat soars

August 1, 2024 - 09:30 -- Admin

Qingdao iron ore spot is at $97.09, up a measly 0.5%. Mad Dalian is off and running on the fumes of Chinese yawnulus, Fed easing, and geopolitical turmoil: Coking coal less so: Meanwhile, Shanghai rebar is in outright freefall and SGX jaws are back: The steel selloff is getting worse, not better, as it should,

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