Daily iron ore price update (post-Olympics bouce)

David Llewellyn-Smith

Wednesday 9 March 2022

The ferrous complex was eerily calm on March 8, 2022:

CISA data for late February showed a big surge in post-Olympics steel output:

I have my doubts it will continue given every other indicator for demand is weak.

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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.