Daily iron ore price update (S11D)

Friday, 27 October 2017

Iron ore charts for October 26, 2017:

Tianjin benchmark fell 0.8$ to $60.60. Paper fell further overnight. Steel futures are confused. More from Reuters:

China has stepped up efforts to cut industrial production to to combat smog, which typically occurs during the winter months as industrial emissions mix with smoke from coal-fired heating units. Steel mills have been ordered to curb production between October and March and there has been a slowdown in construction projects, the top consumers of steel.

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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.