Iron ore hope lives!

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SHFE has finally overhauled SGX:

As one would expect, this is lifting steel output a little:

The average utilization at China’s blast furnaces increased to around 85.6% as of Oct. 4, up by one percentage point from the end of September, and about three percentage points from the end of August, according to trade sources. The current blast furnace utilization rate was still about seven percentage points lower than a year earlier.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.