Daily Virtual Steel Mill Report 04/06/24

Verdict: • Short-run Neutral.   Macro: • Eurozone Manufacturing May PMI at 47.3, est. 47.4, last 47.4.   Iron Ore Key Indicators: • Platts62 $109.65, -5.60, MTD $109.65. During the past week, Australia and Brazil total delivery reached 26.29 million tons, down 1.21 million tons on the week. The total arrival of Australia and Brazil …

Daily Virtual Steel Mill Report 03/06/24

Verdict: • Short-run Neutral.   Macro: • US PCE April price index up 0.2%, refreshed new low since December 2023, est. 0.3%, last 0.3%. • According to Euro Statistics, EU inflation in May reached 2.6%, 0.2% higher than April.   Iron Ore Key Indicators: • Platts62 $115.25, +0.10, MTD $117.52. There were two SSF sold …