Category archives: Ferrous

Daily Virtual Steel Mill Report 28/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro China NBS: Jan- Aug industrial profit above designated scale amount reached 5.5 trillion yuan, down 2.1% on the year. Nord Stream AG found that three pipelines were damaged, which is unprecedented. The Company was not able to estimate when the natural gas transmission infrastructure will …

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Iron Ore DCE January Daily Technical Review 27/09/22

Verdict – Short-term neutral.   DCE iron ore January contract once approached 722.0, however returned to important area at 718.5, which used to be a strong resistance yesterday. Hourly CCI was close to bullish territory. Hourly MACD was preparing to enter bullish territory as well. A breakthrough on 728.0 would extend the growth. Otherwise iron …

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