Daily Virtual Steel Mill Report 21/10/22

Market Verdict on Iron Ore: • Neutral.   Macro: • CSRC allowed real estate company to finance in A share if meet with required conditions. • China Securities Finance lowered the overall refinancing rate by 40bps to meet with the low cost financing of security companies • New projects started concentrated in mid-China with total …

Daily Virtual Steel Mill Report 20/10/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The Beige Book of the Federal Reserve said that enterprises were more pessimistic about the economic outlook, but the inflation pressure eased. • Eurozone September CPI annual growth rate up 9.9%, est. 10%, last 9.1%. U.K. September CPI annual growth rate up 10.1%, est. 10%, …

Freight and Commodity Podcast 19/10/22

A special edition episode as we wish the podcast founder, Chris Hudson a farewell. We interview Chris and his old friends on the world of FFAs, fuel oil, and steel.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/75wSEWHTqcFsQngJ4KcTp7?si=2JDyZavnQFSECcVDLBGYgQ   Itunes – https://podcasts.apple.com/gb/podcast/episode-108-19-10-22/id1507094242?i=1000583186375  

Daily Virtual Steel Mill Report 19/10/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. Industrial production growth rate increased 0.4% in September compared with …

Daily Virtual Steel Mill Report 18/10/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. EIA report indicated the biggest shale oil basin production estimated …