Seaborne & SGX futures at end of 6th Aug.
Some dramatic falls in the last two weeks, not unexpected after being up for such a sustained period. Huge prices for our Ore continues to be paid & will likely remain so for the next few years at least.
The Chinese can only hold up the manufacture of steel for so long before their own users start to revolt.
Limiting steel production and punishing exporters is only going to push up the price of steel and reinforce the price of Ore overtime.
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