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Daily iron ore price update (Ding! Fasten your seat belts)

September 15, 2021 - 09:30 -- Admin

The ferrous complex was weak again on September 14, 2021 as spot fell, paper fell further overnight and steel is looking toppy worldwide: The PBoC tightened futures limits again and Evergrande is going bust. Enough said. Perhaps more importantly, the China property developer bust is transpiring just as the global post-COVID steel boom tops out.

The post Daily iron ore price update (Ding! Fasten your seat belts) appeared first on MacroBusiness.

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