Category archives: Ferrous

Daily Virtual Steel Mill Report 12/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • IMF predicted the global economy growth rate at 2.7% in 2023, there was 25% probability that the growth rate would be lower than 2%. IMF predicted that at least 1/3 of the countries would fall into economic recession.   Iron Ore Key Indicators: • Platts62 …

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Daily Virtual Steel Mill Report 09/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. last week jobless claims filed at 230,000, est. 230,000, last 225,000. • China November CPI up 1.6%, last 2.1%. China November PPI down 1.3%, down 1.3% last.   Iron Ore Key Indicators: • Platts62 $110.70, +3.25, MTD $107.98. Brazil northern system rainy weather potentially …

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