Tag archives: CC

Daily Virtual Steel Mill Report 06/01/22

Market Verdict on Iron Ore： • Neutral.   Macro: • China Caixin December PMI at 48.0, last 46.7, est. 46.8. • U.S. December ADP employment increased by 235,000, higher than expected 150,000, last 127,000.   Iron Ore Key Indicators: • Platts62 $117.20, +0.20, MTD $117.28. PBF float premium were assessed at $1.2-1.8 based on February …

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Daily Virtual Steel Mill Report 05/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • Europe council predicted that Eurozone GDP average growth rate at 0.3%, lower than last expectation at 2.3% in early 2022. • U.S. FOMC participants indicated a slow down on interest hike, yet to see any sign of interest decrease in 2023.   Iron …

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Daily Virtual Steel Mill Report 04/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • China’s Ministry of Finance: In 2023, China will appropriately increase fiscal expenditure, promote recovery of consumption market. • Many dry bulk shipowners will have to slow steam their fleets for their vessels to achieve a passing rating in the International Maritime Organization’s (IMO) …

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Daily Virtual Steel Mill Report 30/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • China’s Ministry of Finance: In 2023, China will appropriately increase fiscal expenditure, promote recovery of consumption market. • U.S. jobless claim increased 9,000 to 225,000, as expected. • Australia and India signed an agreement ECTA, aiming to decrease the bilateral taxes.   Iron Ore Key …

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Daily Virtual Steel Mill Report 29/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • As of January 8th, the PCR test of all entry personnel in China will be cancelled. • U.S. housing growth rate decreased from 11.1% in September to 9.8% in October, created the slowest growth rate since September 2020.   Iron Ore Key Indicators: • Platts62 …

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