Category archives: Ferrous

Iron Ore DCE January Daily Technical Review 24/08/22

Verdict – Short-term neutral to bullish.   DCE iron ore January contract maintained bullish trend as expected. Although iron ore corrected massively this afternoon leading by the big slump of Asian equities, iron ore recovered all losses during last hour and still created higher highs and higher lows in the past three days. The market …

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Daily Virtual Steel Mill Report 24/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NBS: July excavators produced 19,612 units, down 3.2% on the year. Jan-July total produced 185,743 units, down 25.6% on the year. Jan- July total sold 161,033 units, down 33.2% on the year. • World Steel Association statistic indicated that 64 member countries …

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