Asia midday ferrous flash

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

Tender:

• Rio Tinto concluded tender for 170,000t, 61pc PBF with a 19-28 July laycan at $62.41/dmt.

Offers and bids on Corex:

• 90,000t Newman fines with a 14-30 July laycan offer at July P62 +$0.80/dmt

Offers and bids on Globalore:

• 100,000t IOCJ F with 25 June-4 July laycan offer at $93/dmt (bid at $91)
• 170,000t PBF with August delivery offer at August MB62 +$0.25/dmt
• 80,000t NBL with 11-20 July laycan offer at $0.375/dmtu (bid at $0.32/dmtu)

Tangshan billet:

• Flat at 3,610 yuan/t

PBF offers in portside market:

• Qingdao: Yn460/wmt (unchanged); Caofeidian: Yn465/wmt (unchanged), Yn468/wmt (+Yn3/wmt)