Daily Virtual Steel Mill Report 19/10/23

Verdict: • Short-run Neutral.   Macro: • US 10-Year-Bond yield reached 4.845%, the highest since July 2007. • IMF report estimated Asia-Pacific growth rate reached 4.6% in 2023.   Iron Ore Key Indicators: • Platts62 $118.35, -2.00, MTD $118.50. Seaborne iron ore saw stable trades during the week, most of which were fixed price trade. …