Daily Virtual Steel Mill Report 17/08/22

Market Verdict on Iron Ore: ·         Neutral.   Macro ·           NAHB/Wells Fargo Housing Index(HMI) decrease 6 to 49, created the eighth consecutive monthly decrease. The number was also the lowest since 2014, which indicated the U.S. economy was slowing down. ·           AFS: Global automobile market decreased 2.9973 million units, expected to decrease 3.8262 million units …