Daily iron ore price update (charge of the mining losers)

The ferrous complex was still enjoying its bear market rally on September 26, 2021 as spot firmed, paper went silly overnight but steel fell on the week:

There is no change in the outlook. I still expect iron to keep falling to $60 soon. Indeed, the risk grow to the downside of that price the longer that China holds out in its property developer develeraging campaign:

There are 1225 words left in this subscriber-only article.

Get your first month for $1

Comments are hidden for Membership Subscribers only.