Daily Virtual Steel Mill Report 21/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • CME FedWatch indicated that the 25 bps interest hike in March had reached 87.1%. • U.S. Finance Minister said that if small banks encounter a run and risk out-spread, they are willing to intervene to protect deposits.   Iron Ore Key Indicators: • …

Daily Virtual Steel Mill Report 21/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • CME FedWatch indicated that the 25 bps interest hike in March had reached 76.8%. • The Swiss government has committed nearly 260 billion Swiss francs to rescue Credit Suisse, equivalent to one-third of Swiss GDP.   Iron Ore Key Indicators: • Platts62 $126.50, …