Daily iron ore price update (zero response)

Thursday 21 April 2022

The ferrous complex was roughly stable on April 20, 2022:

The Chinese economy is in recession. Property markets are down by half. Beijing has declared steel output is going to be slashed for a second year:

China’s state planner pledged to keep cutting crude steel output this year after reducing about 30 million tonnes of production in 2021.

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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.