Category archives: News

Daily Virtual Steel Mill Report 17/12/21

Market Verdict on Iron Ore： • Neutral. Macro • The Bank of England unexpectedly raised interest rates by 15 basis points in borrowing costs for the first time in the current three years, due to a concerns over pandemic and the highest inflation for the past decade. • From December 15th, China central bank PBOC …

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Daily DCE Review 17/12/21

Iron ore futures ended the week on surplus, with market optimism over better steel demand in the new year with improving margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 1.88% day-on-day or up RMB 12.50 to RMB 676.50/mt, during the day trading session on Friday. The rebar futures also …

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