Daily Virtual Steel Mill Report 27/06/24

Verdict: • Short-run Neutral.   Macro: • US new house sales down 11.3% in May, refreshed six-month low because of the high mortgage rate. The new house supplies refreshed 16-year-high. • From January to May, China industrial enterprises above designated size value added amount reached 2.75 trillion yuan, up 3.4% on the year.   Iron …