Daily iron ore price update (that sucking sound)

Wednesday 24 July 2019

Reuters has the texture:

“Investors mulled over the impact of further curbs on the Chinese steel industry,” ANZ Research said in a note, citing the latest notice from Tangshan on steel output restrictions.

Tangshan has stepped up anti-pollution measures beginning July 21 until July 31 as it seeks to meet its air quality targets, a city government-backed newspaper reported on Monday.

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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.