Find below the iron ore price table for July 19, 2013:
And the chart:
Rebar average continues to come off the bottom:
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Futures were up slightly too. The spread charts are definitely stretched now for spot/swap:
A 5-10% correction here would be quite normal. Spot/rebar also remains stretched, more like 20% here:
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Has this move run out of puff? Maybe, I don’t see what incentive steel mills have to push this higher, though the roll-over is not yet convincing and traders might.