Daily Virtual Steel Mill Report 31/05/22

Market Verdict on Iron Ore: • Neutral.   Macro • German CPI refreshed 50-year-high, supported the rationale to increase 50 basis points in July. • The EU agreed to ban 90% of Russia’s oil imports by the end of 2022.   Iron Ore Key Indicators: • Platts62 $136.60, +2.15, MTD $133.34. Seaborne PBF gathered interests …