Daily Virtual Steel Mill Report 07/06/22

Market Verdict on Iron Ore: • Neutral.   Macro • Global May PMI 53.5%, up 0.3% from April, terminated the two consecutive decrease on monthly basis. • BOFA predicted that ECB rate hike by 150 bps, including 50 bps increase in both July and September. Previous prediction was 100 bps hike.   Iron Ore Key …