Daily Virtual Steel Mill Report 07/06/24

Verdict: • Short-run Neutral to Bullish.   Macro: • European central bank became the second bank in G7 to announce rate cuts following Canada. The EBC cut major interest rate by 25 bps. Thus, global equities and commodities saw a growth yesterday. • The jobless files of US in last week reached 229,000, est. 220,000, …