Tag archives: CC

Market Verdict on Iron Ore： • Bullish.   Macro: • IEA said in its global electronic vehicle outlook that EV sales are expected to grow 35% on the year to 14 million units, accounted for 18% of the market value. The electronic power in automobile market estimated an equivalence to 5 million barrels of decrease …

Continue reading “Daily Virtual Steel Mill Report 27/04/22”

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The draft of China banks’ mortgage approvals became a sign for the levy of real estate tax. However most of house analysts believed that the tax potentially take many years to land. Moreover, some big southern cities eased house buying restrictions for non-residents. …

Continue reading “Daily Virtual Steel Mill Report 26/04/22”

Market Verdict on Iron Ore： • Neutral.   Macro： • Wells Fargo Bank recently predicted that the US economy will enter a recession later this year, but the Federal Reserve will not lower interest rates this year. The bank expected that the Federal Reserve would not turn until inflation expectation approached 2%, and rate cuts …

Continue reading “Daily Virtual Steel Mill Report 24/04/22”

Market Verdict on Iron Ore： • Neutral.   Macro： • The Federal Reserve stated in its Beige Book that in recent weeks, the US economy has stagnated, recruitment and inflation have slowed, and credit channels have narrowed. The US Republican Party proposes to raise the debt ceiling by $1.5 trillion or extend it until March …

Continue reading “Daily Virtual Steel Mill Report 20/04/22”

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. Federal governor Raphael Bostic estimated the interest rate would maintain unchanged for a long period after the last hike in 2023. The Federal Reserve’s support for further interest rate hikes to cope with persistent inflation. The market has exaggerated concerns about economic recession. • …

Continue reading “Daily Virtual Steel Mill Report 19/04/22”