No It's not.
Iron ore price is inverse correlation with steel price.
It's all about China in relation to supply and demand.
When China lifted steel outputs to flood cheap steel on the market then the steel price felt and the iron ore rose and in reverse if the country is tightening steel output due to the environmental restriction then the Iron ore is going to fall and the steel price is going to rise further.
Just watch the sp between Fmg and Bsl
No It's not. Iron ore price is inverse correlation with steel...
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