Daily iron ore price update (all bets are off)

David Llewellyn-Smith

Friday, 17 September 2021

The ferrous complex was in free fall on September 16, 2021 as spot and paper collapsed. Steel has not updated:

Yes, we will likely be at $100 tomorrow. I was not bearish enough.

There is no end is sight. CISA early September steel output data kept on falling:

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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.