Daily Virtual Steel Mill Report 09/01/24

Verdict: • Short-run Bearish.   Macro: • Dalian Commodity Exchange and Zhengzhou Commodity Exchange both cut commission rates for many products. However iron ore and coking coal maintain original rates.   Iron Ore Key Indicators: • Platts62 $139.40, -0.90, MTD $142.01. The demand for IOCJ returned in short-term because of the decreasing supply of China …