Category archives: Ferrous

Daily Virtual Steel Mill Report 09/08/24

Verdict: • Short-run Neutral.   Macro: • US jobless claims down 17,000 to 233,000, refreshed biggest drop during the year, indicating a warm on job market. • China’s CPI in July increased by 0.5% year-on-year, est. 0.3%, last 0.2%.   Iron Ore Key Indicators: • Platts62 $99.30, -1.30, MTD $102.03. IOS traded around $99.5 before …

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Daily Virtual Steel Mill Report 08/08/24

Verdict: • Short-run Neutral.   Macro: • China iron ore import in July up by 5% on the month at 102.81 million tons, because of miners increase shipments in June to finish year-end delivery target. • Bank of Japan sent strong dovish signal after the huge financial market volatility spread over the world. The governor …

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