Iron ore firms as scrap deluge looms

Most markets are closed in China but iron ore spot is trading, up $3.20 to $189.65.

In news, it’s all about scrap, via Platts:

Ferrous scrap has decoupled from stronger iron ore prices so far in 2021, as low coking coal costs and strong steel demand in China and elsewhere support iron ore consumption at blast furnaces.

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