Monthly archives: July 2022

Daily Virtual Steel Mill Report 12/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese M2 supply up 11.4% in June, last 11.1%, est. 11.1%, beyond expectations. • The Nord Stream I natural gas pipeline, Russia’s main gas pipeline to Europe, has begun annual maintenance and suspended gas transmission.   Iron Ore Key Indicators: • Chinese steel mills expected …

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A Room with a Technical View 11/07/22

Capesize August Futures – Technically bullish last week with the futures in the early stages of a corrective phase. The price traded to a low of USD 26,000, meaning we held the USD 23,897 support, resulting in the futures moving higher. The moving averages are now flat indicating a lack of trend in the market, …

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