Photo by: Bloomberg
Recent volatility in the iron-ore price, which sank below $90/t for the first time since 2022 earlier this month, reflects concern about the steel crisis in China. But there is also a more cautious mood about the outlook for growth more generally, weighed down by political uncertainty in the US. However, steel-buying typically recovers after the Northern Hemisphere’s summer months, which could provide some respite. Photograph: Bloomberg 