Daily Virtual Steel Mill Report 26/08/22

Market Verdict on Iron Ore: • Neutral.   Macro • U.S. federal official indicated that the 3.75- 4% was “approachable”. However inflation expected to last for longer time. • European central bank(ECB) monetary conference note indicated to increase 50 bps would be acceptable.   Iron Ore Key Indicators: • Platts 62% $102.25, -0.25,MTD 105.46. Both …