Daily Virtual Steel Mill Report 10/2/22

Market Verdict on Iron Ore: • Neutral. Macro • The latest data released on Thursday is expected to show that US inflation is still at a decades high, but Fed officials are still hopeful that inflation will peak soon. The Federal Reserve Bank of Cleveland president Ben Meister said on Wednesday that the Fed will …

Daily DCE Review 10/2/22

Iron ore futures rebounded from a dip previously, as market participants were more cautious, after regulators warned of false prices information that manipulated the market. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 3.20% day-on-day or up RMB 25.50 to RMB 821/mt, during the day trading session on Thursday. The …

Daily DCE Review 9/2/22

Iron ore futures slipped from previous rally, after state authority urged for more transparency in price discovery for the raw material. The futures of Dalian Commodity Exchange (DCE) for May delivery then plunged down by 5.90% day-on-day or down RMB 49 to RMB 781/mt, during the day trading session on Wednesday. The rebar futures also …