Daily iron ore price update (demand surge)

Iron ore prices for January 21, 2021:

Spot and paper up. CISA released late December steel output:

There was a serious demand surge into late December in China. This was the same period that steel inventories got run down so it was big.  It helps explain some of the explosive price action.

No change to the outlook. Peaking Q2 and down inot H2.

David Llewellyn-Smith
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