Daily Virtual Steel Mill Report 05/01/22

Market Verdict on Iron Ore: • Neutral to bearish.   Macro: • Europe council predicted that Eurozone GDP average growth rate at 0.3%, lower than last expectation at 2.3% in early 2022. • U.S. FOMC participants indicated a slow down on interest hike, yet to see any sign of interest decrease in 2023.   Iron …