Daily Virtual Steel Mill Report 26/06/24

Verdict: • Short-run Neutral.   Macro: • US Federal governor Miki Bowman said the earliest interest cut would be in 2025 concerning the high inflation rate. However, the other governor Lisa Cook indicated the inflation went down in March and June, the interest cut in 2024 would be propriate.   Iron Ore Key Indicators: • …

Daily Virtual Steel Mill Report 25/06/24

Verdict: • Short-run Neutral.   Macro: • EU Comission will launch a technical conference with China regarding to the current plan on imposing EVs import duty.   Iron Ore Key Indicators: • Platts62 $102.65, -2.45, MTD $106.72. Steel demand became slower as China entered rainy weather in southern areas and extreme high temperature in northern …