Category archives: Ferrous

Verdict: • Short-run Neutral.   Macro: • China customs: China toal import and export value of goods reached 21.17 trillion yuan, increased by 6.1% on the year and refreshed the highest single month record. • US June PPI annual rate increased by 2.6%, est. 2.3%, last 2.2%. PPI monthly rate in June increased by 0.2%, …

Continue reading “Daily Virtual Steel Mill Report 15/07/24”

Verdict: • Short-run Neutral.   Macro: • In June, the US CPI increased by 3% year-on-year, falling back to the lowest level since June last year, estimated 3.1%, last 3.3%. The June CPI decreased by 0.1% month on month, estimated 0.1%, last 0%. The core CPI in June increased by 3.3% year-on-year, falling to the …

Continue reading “Daily Virtual Steel Mill Report 12/07/24”