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China’s iron ore shock intensifies

August 26, 2024 - 09:30 -- Admin

Friday’s ferrous markets were weak as SHFE and SGX resumed falls: Overnight, the Fed popped and dropped Dalian futures: Coking coal: The latest MySteel readings are very mixed. Flat products have rebounded while long sink: Output is cratered given zero profitability: At 28% below 2019 levels, apparent iron ore demand is lower by nearly 500mt

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