FIS Singapore Iron Ore Derivatives Report 19/05/2021 19/05/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Wednesday amid declining steel prices as authorities in China stepped up efforts to tame the markets. Mysteel reported that China’s steelmaking hub of Tangshan has announced fresh production curbs which include the suspension of production of all sintering units of steel mills between midnight …

FIS Castaway Podcast – Episode 55 19/05/21

    FIS Castaway Podcast – Episode 55   With storm clouds over London this week, we try to clear things up about what’s been happening with the dramatic falls on freight, whispers of Iranian oil coming back, and strong steel mill margins in China, on this week’s Castaway podcast.       Listen Below: …

Daily Virtual Steel Mill Report 19/5/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral to bearish.   Macro ·         On May 18, China’s National Development and Reform Commission(NDRC) held a regular press conference: the NDRC and the General Administration of Market Supervision are jointly investigating the market conditions of steel and iron ore. “We will accelerate the construction of …