Daily iron ore price update (still a supply story)

Wednesday 15 April 2020

Iron ore prices for April 14, 2020:

Steel exports jumped in March but it looks very much like an anomaly after two very week months and lagged orders. Expect a crash ahead:

Iron ore imports are falling away as steel mills curtail output to destock the steel inventory Everest:

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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.