The ferrous complex was mixed on July 29:
Once again, a mad night bid drove the price action in Dalian futures. I contend that this is Wall St speculators.
There are 735 words left in this subscriber-only article.
Get your first month for $1
There is not much reason to buy so furiously on the ground. MySteel indexes continue the roughly sideways pattern for demand and crash for supply:
Iron ore appears to be swept up in the broader bear market rally.