Daily Virtual Steel Mill Report 30/03/22

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 …

The Freight and Commodities Podcast’s future, discussing our titan CEO and our shipping expertise!

The FIS Freight and Commodity podcast this week features our new communications manager, Fernanda. She’ll be the new host of this podcast as of the next episode. In this latest episode, the current host, Mo, introduces Fernanda and plays three important clips from past episodes. These include Chris Hudson, the previous host who started the …

Daily Virtual Steel Mill Report 29/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China BO’AO Asian Forum expected Asian countries potentially contribute a 4.5% GDP growth in 2023.   Iron Ore Key Indicators: • Platts62 $123.7, +2.05, MTD $127.10. The iron ore market was back to normal as the risk appetite shift back. Physical trades on both float …

Daily Virtual Steel Mill Report 28/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China Jan-Feb industrial net income above designated scale reached 887.21 billion yuan, down 22.9% on the year • U.S. Insurance company FDIC said that First Citizens Bank & Trust Co. would take over all deposits and loans from Silicon Valley Bank (SVB), which may ease …

Daily Virtual Steel Mill Report 27/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. Market Manufacturing PMI at 49.3, refreshed the highest since October 2022, est. 47, last 47.3. • China central bank PBOC officially cut RRR by 25 bps on March 27th, equivalent to 600 billion yuan of mid-term liquidity.   Iron Ore Key Indicators: • Platts62 …