Tag archives: CC

Daily Virtual Steel Mill Report 22/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Federal president Jerome Powell indicated that the consumer price was the key of economy. To maintain a stable price was the responsibility of U.S. Federal. The realization of 2% inflation target along with the credit risk would bring long-term panic to economy. Thus, interest …

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Daily Virtual Steel Mill Report 19/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Labor Department reported a big drop on jobless claims, by 22,000 files, refreshed the biggest decrease from November 20th. House sales in April down 3.4% on the year.   Iron Ore Key Indicators: • Platts62 $110.30, -0.70, MTD $106.75. Chinese ports maintained active trades. …

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Daily Virtual Steel Mill Report 18/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • Eurozone April CPI up 7% on the year, estimated 7%. April CPI up 0.6% on the month, estimated 0.7%. Eurozone core CPI up 5.6% on the year, estimated 5.6%. • IIF indicated that global debt increased by 8.3 trillion dollars in the first three months …

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Daily Virtual Steel Mill Report 17/05/22

Market Verdict on Iron Ore： • Neutral to Bullish.   Macro： • The Chinese NBS statistic indicated that property investment decreased by 6.2% from January to April, which was 5.8% from January to March. The decrease was slight faster than market expectation. • Fu Linghui, spokesperson for the National Bureau of Statistics of China, stated …

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