Daily Virtual Steel Mill Report 28/1/22

Market Verdict on Iron Ore: • Neutral. Macro • China National Bureau of Statistics: China will focuson increasing competitive advantage over the global environment, strengthening economy, decreasing tax and maintaining prices. • China National Bureau of Statistics: China above designated size enterprises realized industry profits at 8.7 trillion yuan, up 34.3% from the year 2020. …

Iron Ore DCE May Daily Technical Review 27/1/22

Verdict – Short-term neutral. DCE iron ore May22 contract refreshed new high created from August 31st, 2021 and corrected fast. The next trading day iron ore still need to test 777.0- 781.0 resistance area. If a rejection potentially lead to a taking gains effect both below the resistance as well as pre-holiday risk. Hourly slow …