Daily Virtual Steel Mill Report 20/07/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • Russia expected to restart Nordstream I Natural Gas pipe on Thursday, with 40% capacity. • Eurozone June CPI up 8.6%, last 8.6%, est. 8.6%.   Iron Ore Key Indicators: • Platts62 $96.45, -4.45, MTD $107.61. Resurgence of Covid-19 spread in new areas of …

Daily Virtual Steel Mill Report 19/07/22

Market Verdict on Iron Ore: • Neutral.   Macro • Reuters news indicated a letter from Gazprom had announced force majeure to at least one of its clients on the natural gas supply. U.S. white house predicted that OPEC + would increase oil supply after the talk between Joseph Biden and the middle-east countries.   …