Daily iron ore price update (two figures)

David Llewellyn-Smith

Tuesday 12 July 2022

The ferrous complex was weak on July 16, 2022:

I see no reason for the price to stop falling. Steel inventories are still far too high:

Plus:

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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.