Category archives: News

Daily Virtual Steel Mill Report 2/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         China Caixin PMI 51.3, estimate 51.8, last 52. ·         IMF predicted U.S. inflation rate will keep above 2%. IMF also predicted U.S. federal will increase interest rate from the end of year 2022 to early 2023. Iron Ore Key Indicators: ·         …

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Daily Capesize Review 1/7/21

Capesize freight rates suffered a sharp fall, after a selloff in the session following weakness in the physical market. The Capesize 5 time charter average, then plunged down by $2,004 day-on-day to $30,600 on Thursday, after a series of selling pressure in the market. The Baltic Dry Index (BDI) also fell by 1.33% day-on-day, down …

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