Iron ore everywhere!

Monday 31 March 2025

Iron ore continues its plod sideways as steel falls away.

The Office of the Chief Economist’s quarterly forecast is out is an interesting mix of fear and greed.

It has finally mustered the courage to include the Pilbara killer in its supply outlook but it has spread the ramp up of shipments very conservatively so as not to scare the horses.

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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.