Daily Virtual Steel Mill Report 20/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • China PBOC announced that it will cut Reserve Requirement Rate by 25 bps for Financial institutions starting from March 27th, viewed as a positive sign to the investment market. • UBS to buy Credit Suisse in $3.3 billion to end crisis.   Iron …

Daily Virtual Steel Mill Report 17/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The European Central Bank, raised interest rates by 50 basis points, has persisted in fighting inflation, ignoring calls from some investors for a temporary tightening of policy until the banking turmoil has eased. The ECB announced that it would raise its deposit rate to 3%, …