Find below the iron ore price table for July 17, 2013:
Well, we’re through $130:
And if anything the rally is gaining momentum as rebar comes off its lows:
Although it has to be said, the spread between the two remains 10% out of whack with history:
Such is life during a restock. So long rebar runs so may iron ore. I don;t think we’ve fr to go but stranger things have happened. Nonetheless, the rally is a gift to prospective shorts moving into Q3.