Daily iron ore price update (dig up the yard)

Friday, 19 March 2021

The ferrous complex was firm on March 18, 2021 with iron ore up a touch, paper more and steel holding gains:

Iron ore prices

There’s not a lot of news but a few more indicators that we are somewhere near the top of this market. When your neighbour starts digging up the yard to ship it to China then you know more global supply is coming. In Tasmania:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.