Daily Virtual Steel Mill Report 02/12/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • China Caixin Manufacturing PMI 49.4, up 0.2 compared to October. U.K. Manufacturing November PMI 46.5, better than expected 46.2. Japan Manufacturing PMI 49, last 49.4. EU November Manufacturing PMI 47.1, lower than expected 47.3. Germany November Manufacturing PMI 46.2, last 46.7. • U.S. …

Daily Virtual Steel Mill Report 01/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • Citi Bank expected the global economy growth drop below 2% in 2023, similar to previous predictions by Morgan Stanley, Barkley, Goldman Sachs. • China November official PMI 48, est. 49, last 49.2. • U.S. Federal Jerome Powell indicated that potentially slow down December interest hike. …

Freight and Commodity Podcast 30/11/22

EU sanctions on Russia, a G7 meeting, a price cap on Russian oil, an OPEC+ meeting, and rare protests in China against zero-COVID rules included in our conversations on how this impacts the freight & FFA market, crude oil & products market, and the ferrous commodity complex.   Click Below to Listen:     Website …