Iron ore price

A bit of a wallflower, though, and not much joy for steel.

China data over the weekend should encourage nobody. Goldman. China’s export growth remained solid in April despite the implementation of US reciprocal tariffs, significantly above the consensus expectations, and import growth also surprised to the upside (exports: +8.1% yoy, imports: -0.2% yoy).

Ferrous complex struggles continue.

The ferrous complex is still struggling.

The ferrous complex struggles on.

The ferrous complex continues to struggle.

It is the unsinkable metal ore despite falling steel prices.

The ferrous market is not strong. Data is all over the place. We’ve had strong Chinese credit, but much of it is debt swaps with only marginal growth impact. Goldman. March total social financing (TSF) flows and new RMB loans came in above market expectations, mainly due to strong expansion of short-term corporate loans.

SGX and rebar futures have firmed a little.

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

Of all the commodities, iron ore has so far held up the best post-tariffs.

The ferrous jaws remain. BHP has delivered iron ore its last rites. BHP (ASX:BHP) Group (NYSE:BHP), the world’s largest publicly traded mining company, is reportedly contemplating the separation of its Australian iron ore and coal divisions.

The jaws are back as steel falls while iron ore rises.

The ferrous complex continues to struggle.

Iron ore continues its plod sideways as steel falls away.

The jaws remain wide.

Never say never with iron ore.

Decent output levels are keeping iron ore supported for now. There’s nothing good happening property. Compared to December, China’s on-budget fiscal revenue and off-budget land sales revenue both weakened meaningfully in January-February, more significant than the deceleration in government spending growth. Our proprietary “augmented fiscal deficit” (AFD) metric widened slightly in February vs.

The ferrous jaws are back.

The iron ore jaws are wide.