Tag archives: CC

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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Daily Virtual Steel Mill Report 01/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China PM Li Keqiang held conference after the political conference held last week to promote investment and consumption, including acceleration on local debts, investment projects in the central budget, automobile consumption, green energy home appliances and green building materials. • China July PMI …

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