Monthly archives: March 2022

Daily Virtual Steel Mill Report 18/3/22

Market Verdict on Iron Ore： • Neutral. Macro • BOE raised interest rate by 25 basis point to 0.75% as expected. The lending cost recovered to pre-pandemic level. Q2 inflation rate raise from 7.25% to 8%. • China Ministry of Industry and Information Technology: promote more strategies to support stablised economy growth. Become prudent on …

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Daily Capesize Review 17/3/22

Capesize freight rates continued to slide on the volatile market, though some felt the market would soon bottoming out in the subdued physical market. The Capesize 5 time charter average, then dropped by $234 day-on-day to $21,596 on Thursday, after some market selloff sessions. The Baltic Dry Index (BDI) also decreased slightly by $3 day-on-day, …

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