Tag archives: CC

Daily Virtual Steel Mill Report 08/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • EU started to ban Russian coals shipping from August 10th. • U.S. new added jobs in July created the biggest increase since February, which strengthened the expectation of 75 bps rate hike in September.   Iron Ore Key Indicators: • Platts62 $106.95, +3.15, …

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Daily Virtual Steel Mill Report 05/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • BOE increased interest rate by 50 basis points to 1.75%, created the biggest one-time hike during the past 27 years. BOE expect the inflation rate would reach roof area at 13.3% in this October. BOE expect U.K. economy would enter into recession from this Q4. …

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Daily Virtual Steel Mill Report 03/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. Federal pushed back against a narrative that policy makers are envisioning a pivot away from tightening. Four Federal distinct-bank presidents highlighted in remarks on Tuesday that there was no sign yet of inflation easing. • China July Machinery Index 96.55, down 12.18% on the …

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Daily Virtual Steel Mill Report 02/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • China MIIT calculated the scrap input ratio in steelmaking reaching 15%, accounting for 180 million tons in 2025. In 2030, the ratio expected to reach 20%. • China Caixin Manufacturing PMI in July 50.4, 1.3 lower than June. U.S. Markit Manufacturing PMI 52.2, est. 52.3, …

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