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Iron ore rally defeats itself

August 27, 2024 - 09:30 -- Admin

Qingdao iron ore was up 1.3% to 93.06 yesterday. SHFE and SGX rallied: As did Dalian, however, there is still no profitability for steel mills. Nothing has improved for the ferrous complex. A wider commodity rally on the back of an easing Fed and falling DXY is helping. But this crisis is much larger than

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