Category archives: Ferrous

Daily Virtual Steel Mill Report 13/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NBS:Chinese August PPI up 2.5% on the year, down 1.2% on the month. Chinese August CPI up 2.5% on the year, down 0.1% on the month. Chinese August M2 supply up 12.2% on the year, est. 12.2%, last 12%.   Iron Ore …

Continue reading “Daily Virtual Steel Mill Report 13/09/22”

Rio Tinto Resumes Western Australia Iron Ore Railings 13/09/22

UK-Australian firm Rio Tinto has resumed operations on a rail line that connects its 43mn t/yr Gudai Darri mine to port in the Pilbara region of Western Australia (WA), after 20 wagons derailed on 3 September.   The 10-day disruption to railings will make it more difficult for Rio Tinto to meet its guidance of …

Continue reading “Rio Tinto Resumes Western Australia Iron Ore Railings 13/09/22”

A Room with a Technical View 12/09/22

Capesize October Futures – As noted last week, the futures had started to move lower with downside moves that held above the USD 11,132, supporting a near-term bull argument. The futures traded down to but held the USD 11,132 level, supporting a near-term bull argument, resulting in the futures moving higher (current price USD 15,250 …

Continue reading “A Room with a Technical View 12/09/22”