Daily Virtual Steel Mill Report 31/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China PM Li Qiang stated that the economic performance in March was better than that in January and February. The main economic indicators were improving, including consumption, investment, employment, and prices. The government will introduce new policies and measures to support business development. • International …

Daily Virtual Steel Mill Report 30/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • World Bank: Global economy growth rate potentially drop to the slowest since 2000, average growth rate at 2.2% from 2023 to 2030.   Iron Ore Key Indicators: • Platts62 $125.10, +1.40, MTD $127.00. The iron ore market was back to normal as the risk appetite …

The Freight and Commodities Podcast’s future, discussing our titan CEO and our shipping expertise!

The FIS Freight and Commodity podcast this week features our new communications manager, Fernanda. She’ll be the new host of this podcast as of the next episode. In this latest episode, the current host, Mo, introduces Fernanda and plays three important clips from past episodes. These include Chris Hudson, the previous host who started the …

Daily Virtual Steel Mill Report 29/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China BO’AO Asian Forum expected Asian countries potentially contribute a 4.5% GDP growth in 2023.   Iron Ore Key Indicators: • Platts62 $123.7, +2.05, MTD $127.10. The iron ore market was back to normal as the risk appetite shift back. Physical trades on both float …

Daily Virtual Steel Mill Report 28/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China Jan-Feb industrial net income above designated scale reached 887.21 billion yuan, down 22.9% on the year • U.S. Insurance company FDIC said that First Citizens Bank & Trust Co. would take over all deposits and loans from Silicon Valley Bank (SVB), which may ease …