Daily Virtual Steel Mill Report 25/05/22

Market Verdict on Iron Ore: • Neutral.   Macro • U.S. Energy Bureau indicated that U.S. would release up to 4,010 barrels of crude oil. • Reuters indicated that Tesla factory in Shanghai would recover the production to pre-pandemic level in a few days.   Iron Ore Key Indicators: • Platts62 $130.50, -5.45, MTD $133.17. …