Category archives: Ferrous

Daily Virtual Steel Mill Report 3/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. secretary of commerce Gina Raimondo said the cancellation of U.S. – E.U. metal tax would help to counter against U.S. high inflation rate. ·         Instituite of International Finance data indicated the interest rate undermined the new funds entry of equity sector in new emerging market, …

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Daily DCE Review 2/10/21

Iron ore futures slumped due to winter off peak season, dropping to a year-low in view of strict production restriction and sintering curbs imposed on Chinese mills. The futures of Dalian Commodity Exchange (DCE) for January delivery then plunged by 9.95% day-on-day or down RMB 62.50 to RMB 565.50/mt, during the day trading session on …

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