Category archives: Ferrous

Daily Virtual Steel Mill Report 08/04/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro • EIA indicated that the global oil reserve would reach 240 million barrels in the following six months. • The European central bank notes indicated that the net asset purchase plan expected a certain date, which could clear the way for the potential interest …

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Iron Ore DCE September Daily Technical Review 07/04/22

Verdict – Short-term neutral to bearish. DCE iron ore corrected during the day and saw a dead cross on Hourly MA5 and MA10, as well as a following dead cross on MA10 and MA20. Hourly slow stochastic KD created a dead cross in the first hour of T+1 session yesterday. CCI fell sharply from bullish …

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Daily Virtual Steel Mill Report 07/04/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro • According to the minutes from U.S. Fed meeting, most officials believed that it was necessary to raise interest rates by 50 basis points once or more times during the year. It may be appropriate to reduce the asset ceiling by $95 billion per …

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