Category archives: Ferrous

Daily Virtual Steel Mill Report 11/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese CPI in June up 2.5%, up 0.4% from May, refreshed the highest since August. PPI up 6.1% in June, down 0.3% from May, created eight months consecutive drop. • U.S. strong June job statistic supported the 75 basis points of interest rate increase in …

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Iron Ore Price Drops As Covid Cases Spike Again In Shanghai 11/07/22

Iron Ore Extends Losses as Shanghai Outbreak Spurs Demand Fears   Iron ore dropped again after a weekly decline as new virus flare-ups in China hurt the demand outlook. Prices of the steel-making material have plunged by about a third in the past four months in Singapore. They are under renewed pressure after Covid-19 cases …

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