What’s happening in Ukraine and Russia ferrous markets?

Thursday, 12 May 2022

It’s material if not as bad as expected. I expect China will absorb displaced Russian iron ore supply and steel exports so that nets out. The biggest impact is the loss of Ukraine volumes for both. UBS working with GFK.

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Ukraine iron ore/ steel expert call: Steel more impacted than iron ore

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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.