Daily Virtual Steel Mill Report 08/09/23

Verdict: • Short-run Neutral to Bearish.   Macro: • US jobless claims reached 216,000, est. 234,000, last 228,000. • Some southern cities, including the biggest city in the south, Guangzhou, China was suffering from heavy rain and floods. HKEX closed on Friday because of the extreme weather.   Iron Ore Key Indicators: • Platts62 $117.70, …