Daily Virtual Steel Mill Report 24/08/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • China NBS: July excavators produced 19,612 units, down 3.2% on the year. Jan-July total produced 185,743 units, down 25.6% on the year. Jan- July total sold 161,033 units, down 33.2% on the year. • World Steel Association statistic indicated that 64 member countries …