23 July 2025 | 10:13PM BST Metals & Mining: Feedback on Iron Ore & Steel Market Developments, Sentiment Shifts, and 2H Outlook We hosted a call with our GS traders and strategists to discuss the current market dynamics for steel, iron ore and met coal. A replay of the call can be found here. Steel takeaways Due to pre-emptive stocking, record long positioning earlier in the year, and weak Mar-Jun demand, our traders believe this contributed to the underperformance of spot prices that appear to have under-re ...