Tag archives: CC

Market Verdict on Iron Ore： • Neutral.   Macro： • The Bank of China Research institute estimated China Q1 GDP growth rate at 4.1%, Q2 GDP growth rate at 7.6%, the high of the year. The high Q2 prediction was contributed by the recovery of economy and low base effect in 2022.   Iron Ore …

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

Market Verdict on Iron Ore： • Neutral.   Macro： • The banking crisis does not seem to be over yet, with the latest focus on Credit Suisse Financial Group. Morgan Stanley released a report saying that the outflow rate of funds from customers of Credit Suisse Wealth Management was twice as expected. The target price …

Continue reading “Daily Virtual Steel Mill Report 03/04/22”

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 …

Continue reading “Daily Virtual Steel Mill Report 31/03/22”

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 …

Continue reading “Daily Virtual Steel Mill Report 30/03/22”