Iron ore price charts for June 20, 2017:
Tianjin spot fell 30 cents to $54.40. Paper was hit overnight. If that was supposed to be a bear market rally then the market is in deep trouble. Steel stable.
World steel output growth is fading fast:
Daily iron ore price update (steel fade)
David Llewellyn-Smith
Wednesday 21 June 2017
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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.
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