The ferrous complex is in a stark reversal. The driver is a supply-side rationalisation of steel output, but it is vague. Goldman. On the macro policy stance, the Politburo required that macro policy should remain pro-growth, and its intensity should be strengthened at an appropriate time (“持续发力、适时加力”). Policymakers reiterated their pledge for implementing a “more
The post Iron ore rocked by Chinese nonulus appeared first on MacroBusiness.