Daily iron ore price update (more bears)

Thursday, 11 August 2022

The ferrous complex was soft on August 10, 2022:

The bears are gathering:

Iron ore prices will continue to face headwinds into the year-end, according to Morgan Stanley, as hopes of an imminent recovery in Chinese steel demand fade and signs of an oversupplied market emerge.

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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.