The ferrous complex was firm on June 1, 2021 with spot stable, paper easing and a steel pop:
Not much in news but Brazil release June export numbers and they went boom at 33.5mt, a 400mt annualised run rate:
There are 767 words left in this subscriber-only article.
Start your free 14-day trial today!
This level won’t be sustained but it does go to show that Brazil is ramping back up into peak season and will keep doing so year-over-year henceforth barring any further shocks.
Iron ore is going to fall later this year as Chinese demand slows and supply keeps on coming.