Daily iron ore price update (fundamentally weak)

David Llewellyn-Smith

Monday 24 January 2022

The ferrous complex was still riding the hot money wave on January 22, 2022:

Some charts for ya. According to Mysteel, steel output is still very weak:

Demand has improved a bit:

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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.