The ferrous complex is buckling. Steel output cuts are so far insufficient to lift steel prices. Iron must fall much further if steel mill margins are to be restored. Weekly data from consultancy firm Mysteel showed that fewer than 40% of the 247 surveyed steel mills were profitable, a level last seen in October 2024.
The post Iron ore enters the perfect storm appeared first on MacroBusiness.

WASHINGTON (Sputnik) – US President Donald Trump said on Friday that he intends to address the conflict in Ukraine, along with topics related to trade and energy, during his meeting with Hungarian Prime Minister Viktor Orban at the White House.
Trump, Orban Express Optimism About Ending Ukraine Conflict Soon
Meeting With Putin

It’s that time of the great proxy war crusade against Russia again. Someone in the mainstream West has woken up to, if not the facts about the politics of Ukraine, then at least a quantum of disquiet.
Foreign Minister Sergey Lavrov's interview with Ultrahang Youtube Channel, Moscow, October 26, 2025
Question: Thank you, Mr. Foreign Minister, thank you for giving us your time.
Sergey Lavrov: My pleasure.

Moves to restrict just what journalists can report on defence and intelligence matters are underway – and journalists need to get up to speed fast.
Documents obtained by Declassified Australia show that following the June 2019 Federal Police raids on the ABC and News Corp, the Department of Home Affairs began secret efforts to revive a four-decade dead system to censor the Australian media.

Ever notice that Western foreign interference hysteria inherently presumes that everyone in the general population is just a giant baby?
International Reading: Tesla shareholders approve Elon Musk’s $1 trillion pay package – CNN ‘As Ugly and Cruel As It Gets’: Trump Fights Order to Fully Fund November SNAP Benefits – Common Dreams The US national debt has just passed $38 trillion — and economists say they might never recover – News.com Tariff refunds are now
The post Weekend Reading and MB Media Appearances appeared first on MacroBusiness.
Asian equities are not doing well as markets start agitate over AI amid tonight’s looming US jobs report with the recent strength in the USD about to be tested. Continued volatility over trade wars amid the challenge to the Trump regime’s tariffs in the US Supreme Court are not helping either. The Australian dollar remains
The post Macro Afternoon appeared first on MacroBusiness.
As conservative commentator David Frum said several years ago: “If conservatives become convinced that they can not win democratically, they will not abandon conservatism. They will reject democracy”1.





