Daily iron ore price update (steel fantastic)

David Llewellyn-Smith

Friday, 19 May 2017

Iron ore charts for May 18, 2017:

Spot down with Tianjin benchmark off 50 cents to $61. Paper firmed a touch overnight. Steel is fantastically strong and while that lasts we’re not likely to see further falls in raw material inputs.

Platts gives us an insight into why steel is so strong:

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.