The ferrous complex was nuts on October 11, 2021 as spot launched, paper faded overnight and steel was pretty soft:
I could observe briefly that roughly one-third of the demand for the global seaborne iron ore market is in complete meltdown but nobody is listening so I’ll just make a joke about it and move on.
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Sometimes you just have to sit back, relax, and nibble at the popcorn as the madness of crowds takes over.