Daily iron ore price update (Sword of Damocles)

Thursday, 18 November 2021

The ferrous complex was stalled on November 17, 2021 a spot and aper eased and steel firmed:

Not much in news today. The coking coal price joke is ebbing away:

The crucial thermal coal price which has supported both coking coal and iron ore demand by removing 120mt of EAF steel output is still falling in China but lifted a little in Newcastle:

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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.