CISA: Iron ore to fall further on steel cuts

Friday 6 June 2014

Headlines from Forexlive:

The China Iron and Steel Association said in its monthly report:

Iron ore prices are expected to fall further

Steel makers to further cut output

Production will decline because of weak demand, thereby reducing demand for iron ore

Also warned that government restrictions on on iron ore financing will push prices lower

No further details at this point.

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.