The ferrous complex bucked the trend and jumped on September 22, 2022:
Here’s the cause:
China’s daily crude steel output recovered further in the middle ten days of September, with the volume increasing to a three-month high of 2.89 million tonnes on average, according to industry data provider Mysteel. Average daily crude steel output over the period was up 25,900 tonnes, or 0.9%, from the prior 10 days.
