Daily Virtual Steel Mill Report 04/05/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. Federal increased interest rate by 25 bps to 5.00% – 5.25% area as previous expectation. However the conference didn’t mention “ a further interest hike”, which was read as federal would stop interest hike. • IMF published “Economic Outlook for Asia and Pacific report”, …