Daily Virtual Steel Mill Report 15/01/24

Verdict: • Short-run Bearish.   Macro: • China Chief Economist Forum expected the infrastructure investment growth would reach 8%, CPI up 1.5% in 2024. • The escalation of RedSea confliction forced more ships changed routes to avoid RedSea in long-run.   Iron Ore Key Indicators: • Platts62 $131.20, -4.55, MTD $138.94. As the winter stock …