Category archives: Ferrous

Daily Virtual Steel Mill Report 17/08/22

Market Verdict on Iron Ore： ·         Neutral.   Macro ·           NAHB/Wells Fargo Housing Index(HMI) decrease 6 to 49, created the eighth consecutive monthly decrease. The number was also the lowest since 2014, which indicated the U.S. economy was slowing down. ·           AFS: Global automobile market decreased 2.9973 million units, expected to decrease 3.8262 million units …

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Australia’s Port Hedland July Iron Ore Exports Rise 5.9% On Year 17/08/22

Australia’s largest iron ore loading port, the port of Port Hedland, exported 46.9 million mt of iron ore in July, up 5.9% on the year, according to the latest data released by the Pilbara Ports Authority Aug. 16. However, the PPA data showed that the exports were down 5.7% from June, which had seen the …

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