Iron ore tanks as BHP says buy BHP

David Llewellyn-Smith

Tuesday 8 April 2025

The ferrous complex had an unhappy day with steel prices murdered and SGX iron ore down to $94.

I liquidated my iron ore shorts yesterday at a tidy profit.

The latest CISA data rolled over seasonally and appears poised to drop year on year.

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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.