Tag archives: CC

Daily Virtual Steel Mill Report 03/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • BOE increased interest rate by 50 bps at 4%, refreshed highest since October 2008. ECB increased interest rate by 50 bps to 3%.   Iron Ore Key Indicators: • Platts62 $126.70, -2.25.The yesterday market slumped following the China-Australia talk, traders expect more iron ore import …

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Freight and Commodity Podcast 01/02/23

A discussion on the increase in steel market volume, market share, the US HRC futures market reaching new heights, the European Hot Rolled Coil market growth, and much more.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/5v8jPNtzOMJKjSUJoz7K04?si=Rkub9ScuTuaBTCyNWS-5WA   Itunes – https://podcasts.apple.com/gb/podcast/episode-116-01-02-23/id1507094242?i=1000597569505  

Daily Virtual Steel Mill Report 01/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • IMF published World Economy Development Outlook, increased China economy growth rate in 2023 by 0.8% to 5.2%. The organisation also increased global economy growth by 0.2% to 2.9%.   Iron Ore Key Indicators: • Platts62 $127.40, +0.40, MTD $122.64.Physical market started to see great volume …

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Daily Virtual Steel Mill Report 31/01/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The prosperity index of Eurozone reached 1.3 in January, refreshed new high since July 2022, last -1.5, est. -0.6. • China January Manufacturing PMI 50.1, est. 49.8, last 47. China industrial amount above designated scale at 8.4 trillion yuan in 2022, down 4% from 2021. …

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