Commodities

When the war in the Persian Gulf began in late February, there were swift concerns that the conflict could trigger a rerun of the 1973 and 1979 oil crises, dramatically driving up global oil and energy prices.

Iron ore has had a few better days, tracking HRC.

Iron ore has been holding for a few days, but the free fall in HRC is a bad omen.

I almost admire Andrew Forrest today.

Ferrous prices are in free fall, led by hot-rolled coil, a bad sign for hot metal output.

Iron ore futures were stable Friday, but steel is breaking.

The Pilbara killer is eating Fortescue. This is from its quarterly update yesterday. Iron ore sales of 42.9Mt were below shipments, reflecting impacts from ongoing negotiations with China Mineral Resources Group (CMRG). Hematite C1 unit cost of US$21.98/wet metric tonne (wmt) in Q1 FY27.

The latest iron ore data has stabilised.

Iron ore bottomed out Friday.

Iron ore futures are grinding relentlessly lower.

Chinese property had a poo-brown holiday.

It has taken a while, but the Pilbara killer is now taking a machete to the Pilbara.

You can’t tell from the headline index but iron nore is now falling at good clip/ The key is to adjust for abnormal shipping rates.

When the United States and Israel kicked off the ongoing war in the Persian Gulf back in February, it set off a chain of events that will continue to echo around the world long after the conflict has been consigned to the history books.

Iron ore is crashing.

Remember the days when this mattered?

The ferrous complex is still under pressure.

No.

Iron ore is enjoying a pre-holiday bounce.

Latest war headlines.

Iron ore is staging a little recovery, just for fun.

The iron crash is here as the bizarre rally in steel prices falters.

The great Simandou cost-curve shakeout has begun, and it is colliding with the Iran War shock, so it will likely get much worse before it improves.

You wouldn’t know it from headline prices, but iron ore is in trouble.