Daily iron ore price update (steel wars)

Thursday 26 May 2016

Iron ore charts for May 26, 2016:

Tianjin benchmark eased 0.2% to 49.90. Dalian fell another percent to a new correction low overnight signaling more losses. Rebar average is still falling. We’re going to just keep grinding lower it seems.

In news, steel wars are threatening to become a big deal. From the FT:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.