Iron ore price charts for July 20, 2016:
Tianjin benchmark was unchanged at $55.10. Paper erased yesterday’s losses overnight. Rebar has a long way to fall. Seems there is still a little life in the bubble which will keep the port pile building.
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In steel news, CISA released data for the first 10 days of July and it was down 1.2% to 1.74mt per day. It’s still tracking last year: