Blogotariat

Oz Blog News Commentary

The economic week ahead

November 16, 2025 - 19:24 -- Admin

By Lucinda Jerogin, Associate Economist at CBA The unemployment rate fell to 4.3% in October from 4.5% in September. New housing lending surged 9.6% in Q3 25. Tourism and student arrival numbers remain below pre-pandemic levels. Our CommBank HSI recorded its eighth consecutive month of gains, lifting by 0.6% in October to be 6.3% higher

China’s monstrous steel crash

November 16, 2025 - 09:00 -- Admin

The ferrous complex remains paralysed by overly high iron ore prices. I have switched to Shanghai HRC (purple) prices from the national average, which may help explain some of the stickiness in iron ore prices. Despite the recent price falls in steel inputs, steel remains unprofitable. Production is being forced lower. But slowly so far.