Tag archives: CC

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • CME FedWatch indicated that the 25 bps interest hike in March had reached 87.1%. • U.S. Finance Minister said that if small banks encounter a run and risk out-spread, they are willing to intervene to protect deposits.   Iron Ore Key Indicators: • …

Continue reading “Daily Virtual Steel Mill Report 21/03/22”

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • CME FedWatch indicated that the 25 bps interest hike in March had reached 76.8%. • The Swiss government has committed nearly 260 billion Swiss francs to rescue Credit Suisse, equivalent to one-third of Swiss GDP.   Iron Ore Key Indicators: • Platts62 $126.50, …

Continue reading “Daily Virtual Steel Mill Report 21/03/22”

Market Verdict on Iron Ore： • Neutral to Bearish.   Macro： • China PBOC announced that it will cut Reserve Requirement Rate by 25 bps for Financial institutions starting from March 27th, viewed as a positive sign to the investment market. • UBS to buy Credit Suisse in $3.3 billion to end crisis.   Iron …

Continue reading “Daily Virtual Steel Mill Report 20/03/22”

Market Verdict on Iron Ore： • Neutral.   Macro： • The European Central Bank, raised interest rates by 50 basis points, has persisted in fighting inflation, ignoring calls from some investors for a temporary tightening of policy until the banking turmoil has eased. The ECB announced that it would raise its deposit rate to 3%, …

Continue reading “Daily Virtual Steel Mill Report 17/03/22”

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • The Federal Reserve interest rate swap indicated that the interest rates potentially decrease by 100 basis points before December. • US PPI rose 4.6% year-on-year in February, estimated 5.4%, and the previous value was revised to increase 5.7%; A month-on-month decrease of 0.1%, …

Continue reading “Daily Virtual Steel Mill Report 16/03/22”