It looks like we are headed for a cost-curve shakeout in the FE markets sooner rather than later.
Rebar futures are getting there. SGX is aflame:
Dalian broke the residence at 800 last night:
Flaming iron ore comet hurtles towards earth
David Llewellyn-Smith
Friday 15 March 2024
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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.
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