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Iron Ore Offshore Dec 20 Morning Technical Comment – 240 Min Chart

02 December 2020
Ferrous, News, Technical Reports
FIS Morning Technical Iron 02-12-20
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#Steel margins following pattern of recent weeks with them now moving into negative territory to CNY -36. Mills can and do operate at negative levels for a time. Worth noting that the last time steel margins were at these levels DCE #Ironore was CNY 487 lower. #markets #facts

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