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Category archives: Ferrous
Steel and Scrap Report 10/01/24
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Iron Ore DCE May24 Daily Technical Review 10/01/24
Verdict- Neutral to Bearish. DCE May24 contract corrected as expected. Hourly MACD widened in bearish territory. Hourly CCI entered bearish territory. Iron ore broke important support at 969.0 with expand volume and loss on open interest. Iron ore potentially test low in next few sessions. First support 915.0. First resistance 969.0.
Daily Virtual Steel Mill Report 10/01/24
Verdict: • Short-run Bearish. Macro: • Rio Tinto started the world’s biggest mining project, Simandou Project, estimated to see the first delivery in 2025. The project estimated to produce 60 million tons of iron ore, accounted for 5% of total seaborne market. • World Bank published global economic outlook, estimated global GDP up 2.4%, …
London Iron Ore Market Report 09/01/24
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European Close 09/01/24
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Iron Ore Market Daily Report 09/01/24
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Iron Ore Offshore Feb 24 Morning Technical Comment – 240 Min Chart 09/01/24
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Ferrous Weekly Report 09/01/24
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Steel and Scrap Report 09/01/24
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