Daily iron ore price update (CISA rebound)

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The ferrous complex was firm again on August 25, 2021 as spot and paper lifted. Steel has not updated:

CISA data for mid-August is out and gave us a decent rebound though still down year on year:

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This is to be expected emerging from seasonal weakness. However, I expect output volumes to remain materially below 2020 for the remainder of the year.

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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.