Category archives: Ferrous

Daily Virtual Steel Mill Report 5/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         The U.S. Taper has no essential relations to interest rate increase, since Taper was focusing on less purchase on T-bonds. Some macro analysts believed that the interest rate potentially start in the Q4 of the year 2022. ·         China NDRC: Encouraging the China domestic iron ore …

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Iron Ore DCE Jan Daily Technical Review 4/11/21

Verdict – Short-term neutral. DCE iron ore Jan21 refreshed listed low during the last few minutes of night session yesterday. However iron ore strongly recovered this morning. DCE iron ore technically consolidate in a range box of 557.5- 597.0 area, price movement gradually slow down within this area. Hourly MACD indicated a neutral after narrowing …

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Daily Virtual Steel Mill Report 4/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. FOMC meeting decided the market expected to start Taper during an unchanged interest rate by decreasing 15 billion U.S. dollars of T-Bond purchase per month. U.S. federal believed would support economic activities and jobs, at the same time counter against inflation risk. ·         U.S. ADP …

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Castaway Podcast Ep. 78

Freight and ferrous have fallen off a cliff this week, so we invited Holly Birkett from Tradewinds to discuss what’s been going on in the commodity markets this past week.   Click Below to Listen:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-78/   Spotify – https://open.spotify.com/episode/6fAzj6r9iPxU7Uy7ObSPm6?si=542m_BNOQm2Me-8QDAaPDA   iTunes – https://podcasts.apple.com/gb/podcast/episode-78/id1507094242?i=1000540622606