Daily Virtual Steel Mill Report 18/04/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. NAHB April index 45, last 44, est. 44. The improvement on the housing investment was contributed by the limited sources of second-hand houses on the market, as well as the lower mortgage rates, which stimulated the demand for new houses. • China Q1 GDP …

Daily Virtual Steel Mill Report 17/04/22

Market Verdict on Iron Ore: • Neutral.   Macro: • ECB official indicated that to stop interest hike or to increase by 25 bps or potentially become major decision of the next meeting, instead of a 50bps hike.   Iron Ore Key Indicators: • Platts62 $118.90, -0.05, MTD $120.42. Physical traders expected active trading activities …