Daily Virtual Steel Mill Report 21/11/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. Atlantic Federal president Raphael Bostic indicated that he decided to “give up” 75 interest hike in December FOMC, and believed that target policy interest rate of the Federal Reserve only needs to be raised by no more than 100 bps to fight inflation. • …

Daily Virtual Steel Mill Report 18/11/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • Euro Zone October CPI 10.6% on the year, est. 10.7%, refreshed historical high. CPI up 1.5% on the month. The food and energy price were still major contributors to support Euro Zone inflation. • China automobile production 2.559 million units, up 8.6% on …

Daily Virtual Steel Mill Report 17/11/22

Market Verdict on Iron Ore: • Neutral.   Macro: • UK CPI up 11.1% in October, refreshed the highest since 1982, est. 10.7%, last 10.1%. • U.S. November NAHB housing index at 33, refreshed new low since April 2020, est. 36, last 38.   Iron Ore Key Indicators: • Platts62 $98.10, +2.40, MTD $89.25. Iron …

Freight and Commodity Podcast 16/11/22

An overview of the Freight and FFA market; with a rollercoaster of news in China, we hear how that affects Iron Ore and finally end with some colour in the fuel oil market.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/0IMck3PzVAXmZ1440ril2O?si=iyr5dub7QKODMA3NCRH87g   Itunes – https://podcasts.apple.com/gb/podcast/episode-110-16-11-22/id1507094242?i=1000586474323  

Daily Virtual Steel Mill Report 16/11/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • U.S. PPI up 0.2% in October from September, est. up 0.4%. October PPI up 8% on the year, est. up 8.3%. Core PPI up 6.7% on the year, est. 7.2%. • U.K. P.M. Rishi Sunak announced to increase the minimum wage from GBP9.5 …