Daily Virtual Steel Mill Report 22/02/24

Verdict: • Short-run Neutral to Bearish.   Macro: • According to data from the China Association of Automobile Manufacturers, in January, the production and sales of commercial vehicles reached 327,000 and 324,000 respectively, a decrease of 10.7% and 11.1% month on month, and a year-on-year increase of 66.2% and 79.6%, respectively.   Iron Ore Key …