Daily Virtual Steel Mill Report 16/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • ECB: Estimated GDP growth in 2022 at 3.4%, est. 3.1%. GDP growth in 2023 at 0.5%, est. 0.9%. GDP growth in 2024 at 1.9%, est. 1.9%. • Dow Jones Index created the biggest single day correction over last three month. U.S. November retail sales drop …