Daily Virtual Steel Mill Report 07/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • MySteel estimated that China manufacturing orders potentially recover, while the cash flow expected to improve. Mysteel estimated the investment of manufacturing would increase by 6%. • Robert Holzmann, the ECB’s governing committee, told the German Business Daily that the ECB should raise interest rates by …

Daily Virtual Steel Mill Report 06/03/22

Market Verdict on Iron Ore: • Neutral to bearish.   Macro: • China government work report set 5% as economy growth target in 2023 and 3% as fiscal deficit rate, which were both considered conservative from the market. The market was also focusing on the new governors lists and reform programs on institutions.   Iron …

Daily Virtual Steel Mill Report 02/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • After implementing the quantitative easing policy for nearly 10 years, the European Central Bank has accumulated 5 trillion euros (about $5.31 trillion) of bonds. At present, the ECB will begin to remove these bonds from its balance sheet at an average rate of 15 billion …

Freight and Commodity Podcast 01/03/23

A summary of the fertilizer market in 2022, volume and volatility in the last few weeks and what’s next for the fertilizer market. A discussion on a new product due to be released this year and upcoming events. For more information, please send an email to ferts@freightinvestor.com.   Click Below to Listen:     Website …

Daily Virtual Steel Mill Report 01/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China “Two Sessions” political conference would open soon. The market was focusing on the government report, including economy target, investment confidence, market risk, jobs. • ECB economist believed that the Eurozone inflation risk started to ease, however the EBC would not end the rate hike …