Daily Virtual Steel Mill Report 16/03/22

Market Verdict on Iron Ore: • Neutral to bearish.   Macro: • The Federal Reserve interest rate swap indicated that the interest rates potentially decrease by 100 basis points before December. • US PPI rose 4.6% year-on-year in February, estimated 5.4%, and the previous value was revised to increase 5.7%; A month-on-month decrease of 0.1%, …