Category archives: Ferrous

Daily Ferrous Physical Review 11/1/21

Ferrous Market –    Steelbank Inventory: construction steel inventories 3.11 million tonnes, up 6.84% w-o-w. HRC 1.77 million tonnes, up 11.45% w-o-w. –    Northern Australia miner Frances Creek,  acquired from Gold Valley Holdings six years ago, is currently investing 11.3 million dollars to upgrade facilities. First . NT Bulion planned to start the first trains with …

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Iron Ore DCE May Daily Technical Review 11/1/21

Verdict – Short-term neutral. DCE iron ore corrected from the high of 1079.0 created on last Friday, the support area was in 1016-1022 area. From hourly chart, CCI was still testing two week low area. Hourly KD became flat after the dead cross in 8th. MACD became flat in bearish area. The first support is …

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Iron ore market starts well for the new year amid coronavirus concerns

A total of 2,020,000 mt of iron ores was traded for the week ended Jan 8, getting off for a good start of the new year in 2021. The first working week of 2021 also started with positive PMIs indicators in China, which set the pace for a bullish market, though there were some concerns …

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