Daily iron ore price update (still falling)

David Llewellyn-Smith

Tuesday, 27 March 2018

Iron ore prices for March 26, 2018:

Tianjin benchmark fell $1 to $63.05. Paper was stable overnight. Steel is tumbling still. Rebar inventories have begun to fall, down 3% to 9.49mt which is normal.

No change to outlook. As steel margins falls so will the ferrous inputs. We’re going much lower yet.

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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.