Logo 22 Sep 2021

The other (steel-toed) shoe drops

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Remember when iron ore tracked like a meme stock? Those days are over.
Over the Mid-Autumn Festival holiday, international iron ore prices began a meteoric fall.
Some high – er – lowlights:

Singapore Exchange iron ore swaps hit a 15-month low of USD 90/ton, down 56% from its peak in May.
UBS revi...