Daily Virtual Steel Mill Report 08/01/24

Verdict: • Short-run Bearish.   Macro: • China PBOC announced to promote loans for private enterprises and expanding financing venues for private enterprises. • US December ISM service index decreased to 50.6, lower than expected 52.5, created the sharpest drop over past three months. • Eurozone December CPI annual growth rate reached 2.9%, created the …