Here are the iron ore charts for December 9, 2014:
That is unhappy data. Paper is burning again. Physical clearly cannot escape the pull of $70 to the upside. Benchmark is at $69.40. Moreover, rebar average just violated record lows. The CISA fast data for late November shows steel output has rebounded following APEC but is hardly tearing it up into the seasonal slowing of winter. Platts steel index improved a bit:
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Still stuffed. And so is iron ore. Reuters has texture: