Two quick hits from/via the FT's natural resources editor:
Below $200 a tonne for the first time in a while. CRU forecasting crude steel production in 2021 H2 to be 48 Mt lower than the same period a year ago -- although not enough to reduce the output for 2021 as a whole. pic.twitter.com/MMxVD5DRCE
— Neil Hume (@humenm) July 30, 2021
The iron ore futures in Dalian tumble 8% in the afternoon trading.#China #ironore #ommodities #Futures
— CN Wire (@Sino_Market) July 30, 2021
And this morning:
Dalian iron ore futures, for September delivery, down about 3% in Monday early trade.#ironore #China #Commodities pic.twitter.com/4dPVVNJ8cs
— CN Wire (@Sino_Market) August 2, 2021
From the DCE, 3 1/2 months of action:
