Daily Virtual Steel Mill Report 02/02/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. Federal increased interest rate by 25 bps, and reiterated to continue interest hike in 2023 without mentioning the possibility of interest decrease.   Iron Ore Key Indicators: • Platts62 $126.70, -2.25.Physical market started to see great volume today after the derivatives market saw a …

Freight and Commodity Podcast 01/02/23

A discussion on the increase in steel market volume, market share, the US HRC futures market reaching new heights, the European Hot Rolled Coil market growth, and much more.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/5v8jPNtzOMJKjSUJoz7K04?si=Rkub9ScuTuaBTCyNWS-5WA   Itunes – https://podcasts.apple.com/gb/podcast/episode-116-01-02-23/id1507094242?i=1000597569505  

Daily Virtual Steel Mill Report 01/02/22

Market Verdict on Iron Ore: • Neutral.   Macro: • IMF published World Economy Development Outlook, increased China economy growth rate in 2023 by 0.8% to 5.2%. The organisation also increased global economy growth by 0.2% to 2.9%.   Iron Ore Key Indicators: • Platts62 $127.40, +0.40, MTD $122.64.Physical market started to see great volume …