Tag archives: CC

Daily Virtual Steel Mill Report 02/06/23

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • MySteel estimated 45 Chinese iron ore ports total inventories at 127.52 million tons, down 412,900 tons. Daily evacuation at 2.9099 million tons, down 7,200 tons on the week. • Eurozone May inflation rate decreased from 7% to 6.1%, lower than expected 6.3%. The …

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Daily Virtual Steel Mill Report 31/05/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China official manufacturing PMI 48.8, est. 49.5, last 49.2. • Fedwatch tools indicated that the probability of 25bps interest hike in June reached 63%.   Iron Ore Key Indicators: • Platts62 $102.65, -1.80, MTD $105.16. The mid-grade interests dominate seaborne market yesterday. BHP sold fixed …

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