The ferrous complex was hammered on June 17, 2022:
Early June CISA steel output fell away but is still very high:
Which is holding mill inventories very high as well (I’ve adjusted this UBS chart):
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The ferrous complex was hammered on June 17, 2022:
Early June CISA steel output fell away but is still very high:
Which is holding mill inventories very high as well (I’ve adjusted this UBS chart):
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