This is where things really are hard to reconcile.
Steel output up in mid September from already very high levels (see above post) yet IO consumption of imported mills have dropped nearly two thirds during that time. See below link
Has only Chinese IO been depleted in full during this time? It’s not like IO inventory was high at mills. They were pretty running on a JIT system. Does anyone have any idea here?
https://www.mysteel.net/article/501...China-mills-daily-ore-use-at-63-week-low.html
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