Daily Virtual Steel Mill Report 21/07/23

Market Verdict on Iron Ore: • Neutral.   Macro: • Bloomberg: major economists believed that the next interest rate increase would ended 16 months interest hike. • Platts62 $116.25, +2.25, MTD $111.87. Seaborne market became quiet during the past two days. There was secondary trade on PBF at $1.1 based on August Index. Be aware …

Daily Virtual Steel Mill Report 20/07/23

Market Verdict on Iron Ore: • Neutral.   Macro: • Bloomberg: China mulls mortgage easing to spur home purchases in Tier I cities including Beijing and Shanghai.   Iron Ore Key Indicators: • Platts62 $114.00, -1.85, MTD $111.53. The seaborne iron ore suddenly muted yesterday after a big day before, indicating that the market yet …