Daily iron ore price update (down)

Tuesday, 28 August 2018

Iron ore prices for August 27, 2018:

Spot down. Paper down. Steel down. I think the top is in here. The price signal from steel does not need to be this high and we’re entering the seasonally weak period plus Chinese Winter shutdowns.

World Steel is still booming though:

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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.