Daily Virtual Steel Mill Report 27/09/23

Verdict: • Short-run Neutral.   Macro: • The US New Home Sales Administration annualized 675,000 new houses sold, with an expected 700,000 houses, last 739,000 houses, the data had dropped to the lowest level since May.   Iron Ore Key Indicators: • Platts62 $117.40, -1.40, MTD $121.06. The negative steel margin lowered the demand for …