Category archives: Products

Daily Virtual Steel Mill Report 13/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         IMF decreased the global economy growth expectation and sent warning on stagflation. The global economy growth rate in July report decreased from 6% to 5.9% in the year 2021. The growth rate in the year 2022 expected at 4.9%. Iron Ore Key Indicators: ·         Platts62 $128.50, …

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Daily Capesize Review 12/10/21

Capesize freight rates fell further on steep selloff market actions, amid thin tonnage volumes and good market fundamentals. The Capesize 5 time charter average, then slipped down by $3,187 day-on-day to $79,535 on Tuesday, as paper market extended losses. The Baltic Dry Index (BDI) also dropped by $110, down 2% day-on-day, to $5,378, due to …

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