Iron ore price

The ferrous market is in a period of comprehensive excess that cannot last.

China HRC prices keep falling, indicating hot metal output is too high and must be cut to restore steel mill margins.

The ferrous market remains stalled above $100.

The ferrous complex is struggling to keep its head above water as steel production remains too high, inventories are bulging, and prices keep falling.

Goldman kicks us off. China’s Q3 GDP report came in marginally above market consensus (though in line with our forecast) amid mixed September activity data — industrial production (IP )meaningfully beat market expectations, retail sales was in line, while fixed assetinvestment (FAI) missed notably, reflecting that the economy remains bifurcated.

The ferrous complex continues to weaken as steel mill margins collapse.

The ferrous complex is falling apart; it just doesn’t know it yet.

The ferrous complex continues to bifurcate, with steel getting flushed while iron ore enjoys the good times.

For the life of me, I don’t know why anybody wants to be long iron ore here but hey, that’s how markets work sometimes.

RIO this morning.

The ferrous complex is not making much sense these days, which is in line with the increasingly drunk casino engulfing everything.

The hyper-taut ferrous complex should not be confused with equilibrium.

The ferrous market is beginning to teeter as the steel glut grows and more countries get angry about it.

The ferrous complex plods on.

There are days when an investors’ patience is tested.

I have remarked many times how strange liquidity-fed markets have become.

The ferrous complex is as crazy as usual.

The ferrous complex is very confused as steel prices tumble while iron ore breaks out.

The ferrous complex remains drunk as steel margins evaporate.

The ferrous complex continues its great levitation.

Steel prices are in an outright rout.

The ferrous complex is breaking again, right on time for seasonality.

Sometimes, markets really are stupid.

The ferrous complex is kidding itself, which is its usual state of being.

Ferrous is weakening inexorably, succumbing to seasonal weakness.