Tag archives: CC

Daily Virtual Steel Mill Report 21/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • President of the Cleveland Federal Reserve Bank said that it would take two years for the inflation rate to fall to the Fed’s target of 2%, adding that the inflation rate would gradually “move down” from the current level. • The United States is considering …

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Daily Virtual Steel Mill Report 20/06/22

Market Verdict on Iron Ore： • Bearish.   Macro • U.S. Energy Department indicated that U.S. appeal to increase oil production. A tanker carrying 650,000 barrels of Venezuelan crude oil destined Europe . This is the first time that Venezuela, under US sanctions, has exported crude oil to Europe in the past two years. • …

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Daily Virtual Steel Mill Report 16/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. Federal decided to increase interest rates by 75 basis points to 1.5- 1.75%, created the biggest single time rate hike since 1994. • U.S. Financial Department statistic indicated that Chinese investors decrease U.S. bond holding to 1.003 trillion dollars. Japan decreased to the lowest …

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