Daily iron ore price update (wake in fright)

Friday, 23 March 2018

Iron ore price for March 22, 2018:

Tianjin benchmark fell 20 cents to $67.70. Steel is breaking down. Coking coal too. CISA early March steel output collapsed 7.2% in an unusually steep post-restock fall.

Reuters sums it up nicely:

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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.