Daily Virtual Steel Mill Report 02/06/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • China Automobile Association suggested that the 50% cut on vehicle purchase tax would increase 2 million sales units, equal to 300 – 350 billion yuan. • EU sets harshest Russian sanctions targeting oil and insurance.   Iron Ore Key Indicators: • Platts62 $136.55, …