Here are the iron ore charts for October 30, 2014:
Positive price action for no apparent reason. Paper markets firmed with rebar futures up firmly and Dalian May up 2% plus. Spot and rebar average too. Some might take it as more evidence that $80 is the new equilibrium price. Texture from Reuters:
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Some steel mills in Hebei, China’s top steel-producing province, have been asked to reduce or suspend production during an Asia-Pacific Economic Cooperation summit in November to help improve air quality in Beijing.