Iron ore blasts into void

David Llewellyn-Smith

Monday 30 September 2024

SHFE and SGX continue their lockstep rise, ensuring little if any improvement in steel margins:

This is why there is little improvement in hot metal output, still far below last year:

Nor have we knocked out any iron ore supply. Au contraire!

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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.