The ferrous complex likes to stick to seasonal patterns, but the signs are not good when steel gives way.

Nor when PMIs give way.
China official NBS manufacturing PMI: 49.3 in July, vs. 49.7 in June.
The ferrous complex likes to stick to seasonal patterns, but the signs are not good when steel gives way.
Nor when PMIs give way.
China official NBS manufacturing PMI: 49.3 in July, vs. 49.7 in June.
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