Category archives: Ferrous

Daily Virtual Steel Mill Report 28/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China National Bureau of Statistics: China will focuson increasing competitive advantage over the global environment, strengthening economy, decreasing tax and maintaining prices. • China National Bureau of Statistics: China above designated size enterprises realized industry profits at 8.7 trillion yuan, up 34.3% from the year 2020. …

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Iron Ore DCE May Daily Technical Review 27/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract refreshed new high created from August 31st, 2021 and corrected fast. The next trading day iron ore still need to test 777.0- 781.0 resistance area. If a rejection potentially lead to a taking gains effect both below the resistance as well as pre-holiday risk. Hourly slow …

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Daily Virtual Steel Mill Report 26/1/22

Market Verdict on Iron Ore： • Neutral. Macro • At a news conference in Brussels, NATO Secretary General Stoltenberg said that NATO had handed over its “written proposal” to Russia, which was carried out simultaneously with the United States. Stoltenberg did not disclose the specific content of the written proposal. NATO believed that there should …

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