Category archives: Ferrous

Daily Virtual Steel Mill Report 18/08/22

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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Iron Ore DCE January Daily Technical Review 17/08/22

Verdict – Short-term neutral to bearish.   DCE iron ore January failed to extend the previous growth and went back to a descending tunnel. Daily MACD entered a bearish territory. Daily CCI entered a bearish territory. Iron ore potentially see oversold rebound in the next few sessions. However technical signals were indicating iron ore entered …

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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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