Daily Virtual Steel Mill Report 10/08/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • China NBS published July CPI annual rate up 2.7%, expand 0.2% compared with June, refreshed the highest since August 2020. PPI July up 4.2%, narrowed 1.9% compared with June, created consecutive decrease for nine months. Both numbers were lower than expectations.   Iron …