Category archives: Ferrous

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%, …

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Iron Ore DCE May23 Daily Technical Review 16/03/22

Verdict- Bearish in Short-run. DCE May23 contract leaked after the global secondary market retreated. Iron ore broke important support at 900.0 during the day. The next support 883.0 created two periodic bottoms in the past two months. Hourly MACD widened in bearish territory. Hourly slow stochastic KD entered bearish territory. Iron ore in short-run potentially …

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Daily Virtual Steel Mill Report 16/03/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • The Federal Reserve interest rate swap indicated that the interest rates potentially decrease by 100 basis points before December. • US PPI rose 4.6% year-on-year in February, estimated 5.4%, and the previous value was revised to increase 5.7%; A month-on-month decrease of 0.1%, …

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