Daily Virtual Steel Mill Report 15/09/23

Verdict: • Short-run Neutral to Bullish.   Macro: • China announced reserve requirement ratio cut by 0.25% to consolidate the foundation for economy recovery. The reduction is the second RRR cut during 2023, expected to release over 500 billion yuan in medium liquidity.   Iron Ore Key Indicators: • Platts62 $123.95, +1.45, MTD $120.11. The …