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Iron ore always has a “price floor”…until it doesn’t

August 19, 2024 - 09:00 -- Admin

Qindao iron ore is trading at $90.63 this morning. SHFE futures enjoyed a slight reprieve Friday as SGX iron ore kept falling: Global scrap prices are breaking down under the relentless Chiese steel assault: Dalian is still falling as well: Coking coal is trying: Scuttlebutt is poor: Analysts at Macquarie said in a note that

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