Daily Virtual Steel Mill Report 12/12/23

Verdict: • Short-run Neutral.   Macro: • The China Automobile Association said that in November, automobile production and sales completed 3.093 million units and 2.97 million units respectively, an increase of 7% and 4.1% month-on-month, and a year-on-year increase of 29.4% and 27.4% respectively. The Association expected that automobile production and sales would hit record …