The October contract closed at $121.15/tonne, despite yesterday's fall we still sit an impressive ~24% above mid August lows.
Blast-furnace rates for mills in major steel hub Tangshan have softened this month, and mill margins remain in negative territory, suggesting a seasonal pickup in building activity over the autumn months may be more subdued this year. More here.

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SGX Iron Ore futures trimmed last week's gains, the contract fell ~1.5% on Monday after a 6-month high was printed on Friday.

The October contract closed at $121.15/tonne, despite yesterday's fall we still sit an impressive ~24% above mid August lows.
Blast-furnace rates for mills in major steel hub Tangshan have softened this month, and mill margins remain in negative territory, suggesting a seasonal pickup in building activity over the autumn months may be more subdued this year. More here.

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