Daily iron ore price update (Mr Russell)

Wednesday, 13 March 2019

Iron ore price charts for March 12, 2019:

Spot bounced. Paper firmed. Steel jumped. There’s still no clarity here, a point made nicely by Clyde Russell:

The first fact worth noting is that China, which produces just over half of the world’s steel, hasn’t really slowed output of the metal much, despite considerable media reporting of pollution restrictions.

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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.