Category archives: News

Daily Virtual Steel Mill Report 20/03/24

Verdict: • Short-run Neutral to Bullish.   Macro: • Bank of Japan announced an interest rise by 10bps to 0% – 0.1%. The eight-year length negative interest rate officially terminated.   Iron Ore Key Indicators: • Platts62 $107.90, +2.65, MTD $111.33. The fast recovery on derivatives market as well as the return of China demand …

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Daily Virtual Steel Mill Report 19/03/24

Verdict: • Short-run Neutral to Bullish.   Macro: • From January to February, China’s pig iron production reached 140.73 million tons, a year-on-year decrease of 0.6%. The crude steel production was 167.96 million tons, a year-on-year increase of 1.6%; The steel production was 21.343 million tons, a year-on-year increase of 7.9%. China’s coal production above …

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