Daily Virtual Steel Mill Report 31/08/22

Market Verdict on Iron Ore: • Neutral.   Macro • ECB official indicated to increase previous interest hike from 50 bps to 75 bps. • China August Manufacturing PMI 49.4, est. 49.2, last 49.0.   Iron Ore Key Indicators: • Platts62 $97.60, -4.15, MTD 104.94. Both seaborne and portside market saw a cooling down on …

Platts Commodity Flow Summary 31/08/22

Iron ore seaborne shipments from Rio Tinto, BHP, Vale, Fortescue Metals Group and Roy Hill, as well as from Saldanha port in South Africa, rose by 7.9% to 22.48 million mt in the week commencing Aug.21, according to Platts cFlow ship and commodity tracking software from S&P Global Commodity Insights. Average volumes over the previous …