Daily Virtual Steel Mill Report 23/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • U.S. Federal hiked 25 bps interest rate to reach 4.75- 5%, as expected from Fed tools. The market expected a interest decrease before the end of 2023 to stimulate economy growth. • U.S. lowered GDP growth rate to 0.4% in 2023, previously estimated …