Qingdao iron ore is ignoring the fireworks in futures, barely up at $93.03.
SHFE and SGX futures are bouncing together but steel mill profitability is getting worse, not better:

Dalian is unhinged as usual:
Advertisement

Qingdao iron ore is ignoring the fireworks in futures, barely up at $93.03.
SHFE and SGX futures are bouncing together but steel mill profitability is getting worse, not better:

Dalian is unhinged as usual:

The full text of this article is available to MacroBusiness subscribers
