Daily Virtual Steel Mill Report 14/05/24

Verdict: • Short-run Neutral to Bearish.   Macro: • Anglo American rejected second offer of $42.7 billion from BHP, saying the undervalue of the company.   Iron Ore Key Indicators: • Platts62 $117.25, +0.65, MTD $117.33. There was lack of concentrates trade yesterday, given a derailment news from Rio Tinto. China total iron ore arrivals …