Daily iron ore price update (pre-GFC glory)

Wednesday 29 September 2021

The ferrous complex was mixed on September 28, 2021 as spot iron ore plunged, paper did a bit better overnight and steel rallied:

The Baltic Dry is going crazy:

It really is back to the pre-GFC good old days with inflation mania, energy bubbles and panic buying:

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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.