Tag archives: CC

Daily Virtual Steel Mill Report 08/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • The U.S. Federal president Jerome Powell indicated that if inflation maintained stronger than expectation, federal would consider to extend interest hike to 2024 to reach the target level at 2%.   Iron Ore Key Indicators: • Platts62 $121.70, -2.35, MTD $124.77. BHP sold JMBF at …

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Daily Virtual Steel Mill Report 02/07/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • China state council outlined a quality improvement in “Chinese Brand”, including upgrading qualities in steels, glasses, ceramics, promoting green steels. • Bloomberg: U.S. planned 200% tariff on Russia Aluminum as soon as this week.   Iron Ore Key Indicators: • Platts62 $124.05, -2.20, …

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Daily Virtual Steel Mill Report 02/06/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • U.S. non-agriculture employment reached 517,000, created the biggest increase since July 2022, est. 185,000, last 260,000. • The Institute of Economy, Chinese Academy of Social Science published predictions on GDP growth at 3.4%, 7.2%, 4.2% and 5.2% for the four quarters of 2023 …

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Daily Virtual Steel Mill Report 03/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • BOE increased interest rate by 50 bps at 4%, refreshed highest since October 2008. ECB increased interest rate by 50 bps to 3%.   Iron Ore Key Indicators: • Platts62 $126.70, -2.25.The yesterday market slumped following the China-Australia talk, traders expect more iron ore import …

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