Daily iron ore price update (cyclone)

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Iron ore prices for March 21, 2019:

Spot flat. Paper too. Steel up.

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In news, Vale signaled another small mine had failed a dam test but that has been overshadowed b the Brucutu news.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.