Find below the iron ore price table for August 22, 2013:
Rebar futures fell sharply and are in a new downtrend. It looks like the steel price recovery is done.
Also done I suspect is the iron ore restock that accompanied it. Steel mills have returned to decent stock levels assuming a move towards greater real time delivery and seasonal slowdown:
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Adding to this, the seasonal slowdown in steel production is underway, if shallow to date:
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Looks like all downhill in the iron ore price from here until Q4, though I do not expect the big dump of last year.