Tag archives: CC

Daily Virtual Steel Mill Report 14/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. CPI annual rate up 4% in May, created an 11 month drop in a roll, refreshed new low since March 2021, est. 4.1%, last 4.9%. The market expected that the U.S. Federal would skip interest hike in June. • China central bank PBOC lowered …

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Daily Virtual Steel Mill Report 13/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • Following the state-owned banks rates cut, twelve China’s key joint-stock banks cut deposit rates, ranged from 5 -15 bps. • Jonathan Haskel, rate setter of BOE, said further increased in interest rate cannot be ruled out given a high inflation rate.   Iron Ore Key …

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