Spot fell. Futures were raided overnight. Perhaps by a big miner. Steel is softening. No change to outlook. Firm into end Q3 then down.
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World Steel reported June output:
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in June 2018, a 5.8% increase compared to June 2017.