Daily iron ore price update (the pig in the python)

David Llewellyn-Smith

Wednesday 26 May 2021

The ferrous complex was roughly stable on May 25, 2021. Spot firmed. Paper is stalled. Steel has not updated:

CISA output for mid-May fell sharply from record highs:

Year on year growth in output is now at its lowest since early Feb:

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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.