Tag archives: MR

Daily Virtual Steel Mill Report 15/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • The U.S. Federal Reserve raised interest rates by 50 basis points in the last FOMC in 2022 as expected, and the benchmark interest rate rose to a new 15 year high of 4.25% – 4.5%, and reiterated that it was “possible” and appropriate to continue …

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Daily Virtual Steel Mill Report 14/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. CPI up 0.1% in November on the month, estimated up 0.3%, last 0.4%. November CPI up 7.1% on the year, created the smallest single month increase since December 2021, est. 7.3%, last 7.7%. November PCE up 6% on the year, est. 6.1%, last 6.3%. …

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