Weak rebar futures continue to lead iron ore lower:
Dalian reversed higher overnight on the stock market rescue effort, but that is a big yawn over the stretch. The outlook is poor:
The nation’s property market — the largest driver of steel demand — continues to face liquidity woes. More than 1,000 projects in 25 cities are seeking 373 billion yuan ($52 billion) in funding, according to a tally by Bloomberg Intelligence, which said it showed “the grave need for finance.”
