Daily Virtual Steel Mill Report 04/03/24

Verdict: • Short-run Neutral.   Macro: • Several OPEC+ countries extend output cuts through Q2, as Russia announces new reductions.   Iron Ore Key Indicators: • Platts62 $115.40, -1.70, MTD $115.40. There were some seaborne trade during late half of last week after the two extreme quiet weeks after Chinese New Year. The market was …