Daily iron ore price update (stall?)

Find below the iron ore price table for July 10, 2013:

erge4

Rebar futures rose. In technical market terms I would have thought more strength lay ahead. But the flow of macro data should probably stall the rally here and those thinking about taking a short position for Q3 should certainly be building positions.

 

David Llewellyn-Smith
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Comments

  1. migtronixMEMBER

    India’s steel outlook downgraded. Looks like EM steel output and consumption both very weak.