Category archives: News

Daily Virtual Steel Mill Report 27/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • EU extended sanctions on imports of products from Russia, including steel and materials. Importers are required to prove that the materials they have used are not from Russia. • The USD/CNH once reached new high at 7.24 since November 30th in 2022, because of the …

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Iron Ore DCE September23 Daily Technical Review 26/06/23

Verdict- Neutral. DCE Sep23 contract opened low at 785.0 and closed high at 797.0. Hourly MACD narrowed in bearish territory. Hourly slow stochastic KD created higher gold cross in neutral area. Hourly CCI broke bearish territory and entered neutral area. Be aware of 812.5, which was the major resistance level from Jun 19th. First support …

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Daily Virtual Steel Mill Report 26/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. PMI in June at 53.0, refreshed three month low, however maintained above 50 for five consecutive months. Iron Ore Key Indicators: • Platts62 $112.15, -0.25, MTD $112.68. Some Chinese sintered facilities suspension, following with macro change including U.S. interest hike and Chinese LPR decrease …

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