Tag archives: CC

Daily Virtual Steel Mill Report 20/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • China 1-year length and 5-year length Loan Prime Rate down 10 bps, previously maintained unchanged for 9 months. • China NBS: China produced 16,613 units of excavators, down 25.9% on the year. Total produced 117,524 units of excavators, down 17.8% on the year.   Iron …

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Daily Virtual Steel Mill Report 19/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • Christine Lagarde expected the high inflation would maintain at high level in very long times, ECB potentially increase interest rate in July. • China NBS: China exported 4.57 million tons of flat steel, up 0.7% on the year. Jan-May total exported 23.56 million tons of …

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Daily Virtual Steel Mill Report 15/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. lowered the unemployment rate expectation to 4.1%, est. 4.5%. U.S. PPI in May up 1.1%, refreshed new low since December 2020, est. 1.5%, last 2.3%. PPI down 0.3% on the month, est. down 0.1%, last increase 0.2%. • U.S. FOMC announced to maintain unchanged …

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