The ferrous complex was belted on May 12, 2022:
Not much new to report. But I note that Dalian coking coal is sliding as well, adding to the bearish sentiment:
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Oddly, this is now outpacing seaborne futures in Singapore which can’t last.
There is nothing to suggest anything other than worsening demand in China for steel but I maintain that ferrous inputs will probably keep falling in tandem with the wider commosities complex.