Argus midday ferrous flash

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

Tender:

• Rio Tinto tender for 100,000t, 61pc PBF with 12-21 July laycan done at $62.55/dmt.
• Vale has a tender of 170,000t SSFG with 22 June bill of lading, to close at 16:00 today.

Offers and bids on Corex:

• Nil

Offers and bids on Globalore:

• 170,000t PBF with July delivery offer at July MB62+$0.30/dmt
• 190,000t PBF with 3-12 July laycan offer at July index +$0.30/dmt
• 190,000t PBF with 3-12 July laycan bid at -$1.25/dmt
• 100,000t IOCJ F with 25 June-4 July laycan bid at $89.25/dmt
• 130,000t Jimblebar F with 11-20 July laycan offer at $57.10/dmt
• 80,000t NBL with 6-15 July laycan bid at $0.26/dmtu

TS billet:

• Up by 10 yuan/t to Yn3,560/t in the morning.

PBF offers in portside market:

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