The ferrous complex lifted slightly on March 25, 2020. Spot firmed with paper. Thought the latter pulled back overnight. Steel has not updated. CISA output for mid-March continued to pull back sharply though it remains insane. Perhaps on anti-pollution measures:
In news, Vale has a few problems:
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Two civic organizations have asked iron ore miner Vale SA to cease mining operations at its major Serra Norte complex in northern Brazil, according to documents seen by Reuters this week, as a major COVID-19 spike tests the capacity of the region’s hospitals.