Daily Virtual Steel Mill Report 20/06/24

Verdict: • Short-run Neutral.   Macro: • During the Finance Forum in Lujiazui, Shanghai, PBOC’s Pan signals supportive monetary in China, however with limits. The chairman of Regulatory body CSRC mentioned strategic role of high quality development among listed companies, improving companies value and protecting investors rights.   Iron Ore Key Indicators: • Platts62 $107.35, …

Daily Virtual Steel Mill Report 18/06/24

Verdict: • Short-run Neutral.   Macro: • India steel maker Vedanta Sesa Goa subsidiary Wester Cluster Ltd announced to invest $2 billion dollars in Lybia to support its iron ore production.   Iron Ore Key Indicators: • There was no Platts index due to Singapore holiday. Thus, the trade was quiet on ports and seaborne. …