Daily iron ore price update (still contained)

David Llewellyn-Smith

Tuesday, 2 April 2019

Iron ore prices for April 1, 2019:

Spot up. Paper up more overnight. Steel too. More bad news for supply:

Mining giant BHP Group Ltd said on Tuesday its iron ore production would take a hit of about 6 million to 8 million tonnes as per its initial estimate after disruption and damage caused by tropical cyclone Veronica in Western Australia.

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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.