Daily Capesize Review 25/05/22

Capesize freight rates fell across both the Pacific and Atlantic basin, despite some healthy fixtures done along the week. The Capesize 5 time charter average, then dropped by $2,495 day-on-day to $33,069 on Wednesday, following the selloff in the trading session. The Baltic Dry Index (BDI) then dipped by $126 day-on-day, or down 3.87% day-on-day …

Daily Virtual Steel Mill Report 26/05/22

Market Verdict on Iron Ore: • Neutral.     Macro • The general office of the State Council issued the opinions on expanding effective investment, including big infrastructure projects. Promote the healthy development of real estate investment trusts (REITs) . • China PM Li Keqiang: gurantee the Q2 economy growth and decrease unemployment rate. • …