Tag archives: CC

Daily Virtual Steel Mill Report 09/05/23

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • In the first four months, China imported 385 million tons of iron ore, an increase of 8.6% y-o-y, and the average import price (the same below) was 781.4 yuan per ton, a decrease of 4.6%. China imported 179 million tons of crude oil, …

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Daily Virtual Steel Mill Report 08/05/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The unemployment rate of U.S. has fallen to its lowest level in over 50 years, which is 3.4%. In April, non-farm employment increased by 253,000 files, but the job growth in February and March was 149,000 fewer than previously reported. The average hourly …

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Daily Virtual Steel Mill Report 05/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The European Central Bank slowed down its rate hike on Thursday, but hinted at further tightening policies in the future, which the market expects to be the final stage of its fight against inflation. All European Central Bank decision-makers, except for the Management Committee and …

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Daily Virtual Steel Mill Report 04/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. Federal increased interest rate by 25 bps to 5.00% – 5.25% area as previous expectation. However the conference didn’t mention “ a further interest hike”, which was read as federal would stop interest hike. • IMF published “Economic Outlook for Asia and Pacific report”, …

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