Commodities

Remember the days when this mattered?

The ferrous complex is still under pressure.

No.

Iron ore is enjoying a pre-holiday bounce.

Latest war headlines.

Iron ore is staging a little recovery, just for fun.

The iron crash is here as the bizarre rally in steel prices falters.

The great Simandou cost-curve shakeout has begun, and it is colliding with the Iran War shock, so it will likely get much worse before it improves.

You wouldn’t know it from headline prices, but iron ore is in trouble.

When Tehran first throttled maritime trade through the Strait of Hormuz in early March, oil market analysts counted the limited number of days until the release of Western strategic reserves would prove insufficient to make up for the loss of supply and prices would rocket.

There are loads of articles around today claiming a new iron ore boom as the price moves above $100.

The freight-adjusted iron ore price is still at about $90.

You have to see this from Ryan Maue.

The whacko ferrous rally has come to a shuddering halt as coking coal coughs.

I noted yesterday that Chinese steel output is going bust.

The ferrous complex is trading like Chinese stimulus is flowing like the good old days.

It’s farewell to a radiant world, reports Bloomie.

There’s a little steel squeeze underway in China.

The ferrous complex is enjoying a little bounce.

Pilbara strikes, CMRG shanangins, and a little bounce in steel are giving the ferrous complex a meek relief rally.

The ferrous complex remains stuck in the mid-$95s.

It’s still hovering at maximum profitability.

The ferrous complex remains under pressure amid mounting cross-currents.

Ferrous remains the outlier in the exaggerated dead cat bounce, popping a little without steel support, probably thanks to the Pilbara strike in two days.