Daily iron ore price update (bullish!)

Wednesday 14 September 2022

The ferrous complex was mixed on September 13, 2022:

Finally, there is some bullish data. Rebar stocks have normalised:

Any resumption in output will add incremental demand. However, one has to ask if this isn’t just steel mills recognising that they don;t need so much rebar anymore given the fate of property under Common Prosperity:

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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.