Category archives: Ferrous

Daily Virtual Steel Mill Report 24/12/21

Market Verdict on Iron Ore： • Neutral. Macro • The China Ministry of Ecological Environment squashed the rumors that enterprises shut down in a large area during the Beijing Winter Olympic Games. Iron Ore Key Indicators: • Platts62 $123.75, +1.15, MTD $110.47. Seaborne mainstream iron ore trades were weak as market was rather positive on …

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Daily DCE Review 24/12/21

Iron ore futures rose further on falling steel stocks and market expectation of better restocking activities for the upcoming Spring festival. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 3.93% day-on-day or up RMB 27 to RMB 713.50/mt, during the day trading session on Friday. The rebar futures also …

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