Daily iron ore price update (EAF returns)

David Llewellyn-Smith

Tuesday 19 April 2022

The ferrous complex rallied modestly over Easter, 2022:

Yesterday’s China data dump revealed a few things. First, steel production has leaped:

Pig iron output is running at about 2018/19 levels, down roughly 9% YoY or 30mt of iron ore through Q1:

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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.