Tag archives: CC

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 …

Continue reading “Daily Virtual Steel Mill Report 13/06/23”

Daily Virtual Steel Mill Report 12/06/23

Market Verdict on Iron Ore： • Neutral.   Macro： • The global PMI in May was 48.3%, down 0.3% from April, created consecutive decrease for the previous three months. The index was lower than 50% for the past eight months. The index refreshed new low since June, 2020.   Iron Ore Key Indicators: • Platts62 …

Continue reading “Daily Virtual Steel Mill Report 12/06/23”