Daily iron ore price update (powering on)

The ferrous complex was mixed on April 8, 2021 as spot iron ore declined and paper markets rallied overnight. Steel has not updated:

Nothing new today. I expect strong pricing for another month or so then a decent drawdown as seasonal weakness takes hold, plus a trend decline in the price deck through H2.

Worse in 2023.

David Llewellyn-Smith
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