Daily iron ore price update (Six-year high)

Iron ore prices for November 27, 2020:

Spot hit a six-year high. Paper is lagging. Steel has not updated.

Empties have stabilised again:

I wouldn’t expect us to get much higher but it’s quite possible. Especially if we see some Q1 supply disruptions with La Nina.

No change from me. Strong pricing through Q1 then down.

David Llewellyn-Smith

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