Daily Virtual Steel Mill Report 05/07/23

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • The Manufacturing PMI in June reached 53.9, down 3.2 from last month. The index maintained above boom and bust line for consecutive six months.   Iron Ore Key Indicators: • Platts62 $110.50, -0.05, MTD $110.53. The BRBF source became tight in the next …

Daily Virtual Steel Mill Report 03/07/23

Market Verdict on Iron Ore: • Neutral.   Macro: • The U.S. Markit Manufacturing PMI in June was 46.3, est. 46.3, last 48.4. Eurozone Manufacturing PMI 43.4, est. 43.6, last 43.6.   Iron Ore Key Indicators: • Platts62 $110.55, -1.05, MTD $110.55. Tangshan restriction official carried out, limited trading activities observed on Chinese ports and …