Daily Virtual Steel Mill Report 29/11/23

Verdict: • Short-run Neutral to Bearish.   Macro: • Fed Governor Waller seemed to “blown” about potential interest rate cuts, saying that if inflation continues to fall, there may be grounds for a rate cut in a few months, which was irrelevant to economic pressure.   Iron Ore Key Indicators: • Platts62 $129.45, -4.00, MTD …