Daily Virtual Steel Mill Report 31/5/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         China PM Li Keqiang pointed out at the meeting that to utilize market tools to solve major problems in economic such as rising commodity prices, promote science and technology innovation, expand domestic demand and promote opening up. Xi Jinping delivered an important speech …

FIS Singapore Iron Ore Derivatives Report 28/05/21

Market Commentary Iron ore futures were largely unchanged at just under $185 on Friday. The steelmaking ingredient has had a rollercoaster ride this month, with prices surging above $230 at the start of the month amid a global steel boom, exacerbated by China’s commitment to rein in last year’s record 1 billion tonnes of output. …