Here are the iron ore charts for May 23, 2015:
Qingdao spot took off without warning or paper support. Paper is still treading water. Dalian added one point Friday night to be at 421 this morning. Rebar average continues its slow bleed out. The restock rolls on.
In steel, CISA mills’ average daily crude steel output was down 1.23% in early May and is now down 1.7% year to date. By coincidence, the World Steel Association released its April numbers and they showed the same fall for the entire globe in April:
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