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Iron ore demand terrible

September 18, 2024 - 10:00 -- Admin

China reopens today. SGX firmed a little yesterday: Goldman’s Chinese ferrous supply chain tracking is about as weak as it gets. China’s 8M24 crude steel output was 691mnt, down 3.3% yoy. Daily output was at 2.63mnt in first ten-days in September, 10.3% lower yoy, and 2.6% lower MoM. Net exports of finished steel were 66.1mnt

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