Daily iron ore price update (NDRC hammer)

David Llewellyn-Smith

Thursday 24 February 2022

The ferrous complex is fighting a pointless battle to stay alive:

Steel output was weak during the first 10 days of February. This is more than Olympics:

Port inventories keep surging:

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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.