I think the shorters will have been buying the stock ready for...

I think the shorters will have been buying the stock ready for the bounce tomorrow.
Then on the ex date they come out to short again and that happens for a day or three then
the stock tends to steadily rises.

The IO price is slowly rising and as China re stocks for September 25 with the new standards
I seem to think the IO price will take of a bit earlier and probably the reason its rising now.

US is coming out of their mess with lower interest rates which is good for their economy which means they'll
be in a buying mode which means more steel.

Then there is the tensions in the middle east. They need steel for their endless sad wars.

China might not be spending on housing but they certainly spending up big on major freeways
which need far more steel than housing. One of their new highways is quite high off the ground going over farm land.