Texture from Reuters:
Some steel mills were seen beefing up their iron ore stocks before the week ends as they expect production curbs in China’s top steelmaking city of Tangshan to be eased in September, and also to prepare for a possible buildup in steel demand.
“Steel inventories are easing from the highs,” said Darren Toh, a data scientist with steel and iron ore analytics firm Tivlon Technologies in Singapore.
