Category archives: Ferrous

Daily Virtual Steel Mill Report 21/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The central bank of Germany indicated that Germany economy expected to recover in particular after the resilience growth rate of last Q4. However it would take more time to moderate high consumer price.   Iron Ore Key Indicators: • Platts62 $129.55, +2.25, MTD $124.94. Fixed …

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Iron Ore DCE May23 Daily Technical Review 20/02/22

Verdict – Short-term neutral. DCE iron ore May23 contract extended growth and refreshed listed high during the trading day. The 900.0 level became the next resistance. Hourly slow stochastic stayed around the boundary of overbought area. Hourly MACD narrowed in bullish territory. The mid-run trend maintained bullish, however be aware of changing hands and big …

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Daily Virtual Steel Mill Report 20/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • European Central Bank president Christine Lagarde indicated that high inflation would create huge impact in economy and target to bring inflation back to 2%. The ECB officials are proposing 50 bps interest raise in March. • China MIIT urged to increase the merging and restructure …

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