Daily iron ore price update (time to die)

Reuters has the texture:

Steel inventory in China stood at 12.6 million tonnes, as of July 26, the highest level in three months and 27% higher than the year-ago stockpile, said Argonaut Securities analyst Helen Lau.

Steel production may remain brisk amid market talk that China’s top steelmaking city of Tangshan will extend but loosen its anti-pollution production curbs throughout August.

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