Daily iron ore price update (margins)

David Llewellyn-Smith

Friday, 22 February 2019

Iron ore prices for February 21, 2019:

Spot down. Paper down more. Steel up. Steel output remains very high. If bulks are really going to come off owing to weak demand I’s like to see output fall from these levels.

Argus has some nice texture on mill raw materials management:

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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.