Daily Virtual Steel Mill Report 15/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The U.S. Federal Reserve raised interest rates by 50 basis points in the last FOMC in 2022 as expected, and the benchmark interest rate rose to a new 15 year high of 4.25% – 4.5%, and reiterated that it was “possible” and appropriate to continue …