Daily iron ore price update (world steel)

Tuesday, 27 February 2018

Iron ore price charts for February 26, 2018:

Tianjin benchmark rose 75 cents to $79.75. Steel was strong. Paper less so. No surprises here. Q1 is usually strong. We’re setting up a great short pushing towards mid-year.

World Steel released output numbers for January:

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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.