Daily Virtual Steel Mill Report 26/07/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • ECB official Kazaks indicated that the big interest hike expected to continue. • China Industry of Steel Association and India Steel Association held video conference to communicate the future corporation in iron ore and coals. • China Evergrande group, the house developer with …

China Plans To Launch A Real Estate Fund To Support Property Sector 26/07/22

China plans real estate fund worth up to $44 billion for distressed sector, source says   China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to …