Daily iron ore price update (annihilation)

David Llewellyn-Smith

Friday, 15 July 2022

The ferrous complex was annihilated on July 14, 2022:

The steel crash is leading us lower. Here is September Shanghai rebar:

The Chinese property crash is intensifying as it sweeps toward banks. Steel demand is directly in its path.

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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.