An iron ore mystery solved

David Llewellyn-Smith

Wednesday 7 June 2023

The Chinese steel mill restocking pulse continued for iron ore over the last 24 hours. Dalian front month futures:

For the past few months, there has been a large divergence is some Chinese steel data that is now resolving.

MySteel has shown big falls in mill output:

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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.