Daily iron ore price update (EU steel crisis)

Sunday 14 February 2016

Here are the iron ore charts for February 12, 2106:

Spot down hard with Tianjin benchmark falling 2.9% to $43.20. Chinese markets still not open. BHP and RIO rose 10% and 8% respectively on the oil squeeze Friday night.

In news, the global push back against Chinese steel dumping is getting heated in the EU, from the WSJ:

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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.