Iron ore prices for July 28, 2018:
Spot was up though paper fell overnight. Steel futures are in Nirvana. Rebar market tightened last week falling 1.8% to 4.88mt. Still solidly up on last year but tightening a little.
We’re off to the races with Chinese stimulus and solid steel markets. I have no idea how far we get give this is a classic speculator move. But given how inflated steel is already probably not much further.