Category archives: Ferrous

Daily Virtual Steel Mill Report 20/10/22

Market Verdict on Iron Ore： • Neutral.   Macro: • The Beige Book of the Federal Reserve said that enterprises were more pessimistic about the economic outlook, but the inflation pressure eased. • Eurozone September CPI annual growth rate up 9.9%, est. 10%, last 9.1%. U.K. September CPI annual growth rate up 10.1%, est. 10%, …

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Global Steel Demand To Drop 2.3% This Year According To Worldsteel 20/10/22

Global steel demand will fall by 2.3pc this year to 1.79 bn t, industry association Worldsteel said today, revising down its April guidance of 0.4pc demand growth.   High interest rates and persistently high inflation led to the revision, along with monetary tightening and market softening in China.   “The expectation of a continued and …

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Freight and Commodity Podcast 19/10/22

A special edition episode as we wish the podcast founder, Chris Hudson a farewell. We interview Chris and his old friends on the world of FFAs, fuel oil, and steel.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/75wSEWHTqcFsQngJ4KcTp7?si=2JDyZavnQFSECcVDLBGYgQ   Itunes – https://podcasts.apple.com/gb/podcast/episode-108-19-10-22/id1507094242?i=1000583186375  

Daily Virtual Steel Mill Report 19/10/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. Industrial production growth rate increased 0.4% in September compared with …

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