Category archives: Ferrous

Daily Virtual Steel Mill Report 22/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • China PM Li Keqiang held a conference to enhance tax return and tax exemption policy to support economy growth. • European Central Bank Committee Olli Rehn indicated that central bank potential start interest rate increase by the end of this year or the beginning of …

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Iron Ore DCE May Daily Technical Review 22/3/22

Verdict – Short-term bearish. DCE iron ore May22 contract slumped during the last two hours and created a mid-run roof areas. If a rejection on 810 – 813.0 while next rebound would generally mean iron ore re-entered a bearish trend. All support above 740.5 are believed as weak support. Hourly stochastic KD has created bearish …

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