Daily iron ore price update (you do the math)

David Llewellyn-Smith

Monday 15 November 2021

The ferrous complex was hammered November 12, 2021 as spot and steel tumbled and paper held on overnight:

Port inventories were up another 3mt plus last week to 150mt:

Output adjusted, inventories are at a record high already.

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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.