Australian Dollar Commodities Iron ore price

Australian dollar bombed in Middle East

David Llewellyn-Smith

Monday 2 March 2026

The ferrous complex rolled on Friday as we head to the Two Sessions. Clearly, not much hope for stimmies

China’s total steel inventory is a little below last year.

Port inventories of iron ore fell for the first time in months, according to CISA.

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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.