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 …

Daily Virtual Steel Mill Report 24/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The Bank of England announced a 25 basis point increase in its benchmark interest rate to 4.25%, in line with market expectations. This is the 11th consecutive interest rate hike by the Bank of England since December 2021. The Bank of England said signs of …

Daily Virtual Steel Mill Report 23/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • U.S. Federal hiked 25 bps interest rate to reach 4.75- 5%, as expected from Fed tools. The market expected a interest decrease before the end of 2023 to stimulate economy growth. • U.S. lowered GDP growth rate to 0.4% in 2023, previously estimated …