Asia midday ferrous flash

A summary of activity in the Asia-Pacific iron ore and steel markets so far today:

Tender:

• Vale has a tender of 170,000t SSFG with bill of lading of 1 June, to be closed at 17:00 today.

Offers and bids on Corex:

• Nil

Offers and bids on Globalore:

• 170,000t PBF for July delivery offered at July MB62 +35¢/dmt
• 80,000t NBL with 1-10 July laycan bid at July 62pc index +24.65¢/dmtu

TS billet:

• Down by 50 yuan/t to Yn3,600/t in the morning.

PBF offers in portside market:

• QD Yn465/wmt (unchanged); Caofeidian Yn465/wmt (unchanged)