Tag archives: IO

Daily Virtual Steel Mill Report 22/01/24

Verdict: • Short-run Neutral to Bearish.   Macro: • US existing home sales decline to historical worst since 1995, contract closings decreased by 1% from a month earlier to a 3.78 million annualised rate. • US January inflation rate reached 2.9%, refreshed the lowest since 2020.   Iron Ore Key Indicators: • Platts62 $130.55, -0.50, …

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Daily Virtual Steel Mill Report 19/01/24

Verdict: • Short-run Neutral to Bearish.   Macro: • US jobless claims reached 187,000, estimated 205,000, last 202,000. • China Customs Statistics: China total exported 59.63 million tons of flat steels in 2023, up 40.6% on the year. China total exported 10.81 million tons of long steels, up 42.6%. China total imported 474.42 million tons …

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