Category archives: Ferrous

Daily Virtual Steel Mill Report 28/04/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China NBS statistic indicated that Jan- Mar 2023 industrial profit amount above designated scale reached 151.67 million yuan, down 21.4% on the year. • U.S. Q1 GDP growth rate at 1.1%, lower than expected 2.0%.   Iron Ore Key Indicators: • Platts62 $106.05, -1.60, MTD …

Continue reading “Daily Virtual Steel Mill Report 28/04/22”

Iron Ore DCE September23 Daily Technical Review 27/04/22

Verdict- Neutral to bullish. DCE Sep23 contract opened high and corrected to lower level before closing. In general, iron ore still in a slow rebound structure. Iron ore could regain support fast unless a breakdown on 698.5. Hourly MACD maintained in bullish territory. Hourly CCI corrected after rejected by bullish area. However, iron ore movement …

Continue reading “Iron Ore DCE September23 Daily Technical Review 27/04/22”

Daily Virtual Steel Mill Report 27/04/22

Market Verdict on Iron Ore： • Bullish.   Macro: • IEA said in its global electronic vehicle outlook that EV sales are expected to grow 35% on the year to 14 million units, accounted for 18% of the market value. The electronic power in automobile market estimated an equivalence to 5 million barrels of decrease …

Continue reading “Daily Virtual Steel Mill Report 27/04/22”