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Iron ore and steel into the pit

August 5, 2024 - 11:30 -- Admin

Qingdao port prices firmed a touch to $97.93 Friday. Shanghai rebar futures are a free-falling meteorite The jaws of doom returned to SGX iron ore futures: HRC is not much better: Mad Dalian rolled overnight: Coking coal has no bottom: Steel profitability is smashed: Hot metal output has rolled: There’s ore inventory galore to destock:

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