Tag archives: CC

Daily Virtual Steel Mill Report 24/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. PMI 53.4, created the lowest from July 2020, est. 53.7, last 54.6. • Global energy bureau predicted the investment in energy would increase 8% in 2022, equivalent to 2.4 trillion U.S. dollars, mainly contributed by green energy sources and power grid.   Iron Ore …

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European Parliament Votes to add Shipping to EU Emissions Trading Scheme (ETS)

  The EU parliament has now approved of new environmental measures, one of which is to include shipping in the EU ETS. It will now move onto negotiations with member states to finalise the new legislation.   The main features of this new regulatory package are: Shipping to be included in the ETS by 2024 …

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Daily Virtual Steel Mill Report 23/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.K. May CPI up 9.1%, est. 9.1%, refreshed the highest since 1982. May CPI up 0.7% from April.   Iron Ore Key Indicators: • Platts62 $109.40, -6.50, MTD $133.82. Float base iron ore premium dropped massively from $2.8 to $0.45 over the last ten trading …

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Market Digest 22/06/22

Russia Russia has become the largest oil exporter to China as it discounted crude to Beijing amid sanctions over Ukraine. Their imports rose by 55% from a year earlier to a record level in May, knocking Saudi Arabia from the top spot despite their export volumes going up 9% year-on-year at 7.8 million tonnes. The …

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Freight and Commodity Podcast 22/06/22

Iron ore, coking coal, and steel are the focus of this week’s podcast as we take a look at the trade flows and major issues facing the ferrous complex. All quoted data is from S&P Global Market Intelligence.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/7nKCAEfnEIY8OpHrx5zFdB?si=xB-cnIGcTXiWs-T5Iiocfw   iTunes – …

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Daily Virtual Steel Mill Report 21/06/22

Market Verdict on Iron Ore： • Neutral.   Macro • President of the Cleveland Federal Reserve Bank said that it would take two years for the inflation rate to fall to the Fed’s target of 2%, adding that the inflation rate would gradually “move down” from the current level. • The United States is considering …

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