Didn't last long, pumped and dumped
Dig a bit deeper this morning about the "up 70 yuan", there was a release of Chinese policy yesterday, 3 cities in Hebei Province will become "Steel-less" city this year, cutting 22MT steel capacity.
I guess if Billet has another good day today, we will see the IO/SR Future jump tomorrow.
More pump and no dump please.
DYOR.
Frank.
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