Iron ore crash only a matter of time

David Llewellyn-Smith

Thursday 7 March 2024

Shanghai rebar futures are in free fall:

Conversely, iron ore prices on the Dalian exchange are hanging on desperately:

This cannot last. One must turn, or Chinese steel mill losses will mount again.

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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.