Asia midday ferrous flash

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

Tenders:

• Rio Tinto has a tender of 170,000t PBF with a 12-21 July laycan, closed at 11:30 today.
• Vale has a tender of 70,000t PFCJ with a 21 June bill of lading, to close at 16:00 today.

Offers and bids on Corex:

• Nil

Offers and bids on Globalore:

• Nil

TS billet:

• Stable at 3,590 yuan/t.

PBF offers in portside market:

• QDYn465/wmt (unchanged); Caofeidian Yn465/wmt (unchanged)