Daily Virtual Steel Mill Report 16/10/23

Verdict: • Short-run Neutral.   Macro: • China credit growth held steady in September with rapid government bond issuance to fund infrastructure sector, while strong mortgage lending statistics offsetting the decreasing new bank loans. M2 increased 10.3% in September on the year, last 10.6%, est. 10.6%.   Iron Ore Key Indicators: • Platts62 $118.45, +0.25, …