Daily Virtual Steel Mill Report 16/01/22

Market Verdict on Iron Ore: • Neutral to bearish.   Macro: • China exported 3.32 million automobiles in 2022, up 56.8% on the year. Import 878,000 vehicles, down 6.2% on the year. China produced 27.02 million automobiles, up 3.4% on the year. Sales at 26.86 million vehicles, up 2.1% on the year. • The initial …

Daily Virtual Steel Mill Report 13/01/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The annual rate of CPI in the U.S. in December was 6.5%, expected 6.50%, and the previous value was 7.10%. • Research Center of the Chinese Academy of Sciences: China’s economy condition maintain resilient in 2023, and the annual GDP growth rate is expected to …