Daily Virtual Steel Mill Report 07/11/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • Chinese governors launched speech in Import Expo that China would promote all countries to share the country’s market opportunities, accelerate the construction of a bigger domestic market, optimize the trade mechanism, innovate the trade and services, and expand the import of high-quality products. …

Daily Virtual Steel Mill Report 04/11/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • BOE increased interest rate by 75 bps to 3%, refreshed the highest interest rate since 2008. • U.S. interest rate traders believed that the Federal would maintain the target interest rate at 5% during most time of 2023 to fight inflation.   Iron …