Daily Virtual Steel Mill Report 05/06/23

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • U.S. May non-farm payrolls increased by 339,000, refreshed the biggest increase since January 2023, est. 195,000, last 294,000. • After OPEC+ conference, Saudi Arab announced cut 1 million barrels/day in addition to the original cut in July. In a previous meeting, OPEC+ extended …