Daily Virtual Steel Mill Report 30/6/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral to bearish. Macro ·         World Bank increased the China economy growth rate from 8.1% to 8.5%. China was the major economic entity after the pandemic recovery, where industry and consumption activities had recovered to pre-pandemic level. Moody expected China GDP in the year 2021 reached …

FIS Singapore Iron Ore Derivatives Report 29/06/21

Market Commentary Iron ore futures tumbled on Tuesday as investors assessed the near-term steel demand outlook ahead of the centenary celebration of the Chinese Communist Party. Mills in the Handan city in the steelmaking province of Hebei, will halt sintering production from 28 to 30 June and output from some blast furnaces will be restricted, …