Asia ferrous midday flash

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

Tenders:

• Vale has a tender of 170,000t SFLA with a 7-16 July laycan, to close at 16:00.
• Rio has a tender of 210,000t PBF with a 21-30 July laycan, to close at 15:00.
• BHP has a tender of 90,000t Jimblebar F and 80,000t Mac F with a 16-25 July laycan, to close at 15:15.

Offers and bids on Corex:

• Nil

Offers and bids on Globalore:

• 170,000t PBF with a 15-24 July laycan offered at August index -$0.10/dmt.
• 170,000t PBF with August delivery offered at August MB62 +$0.10/dmt.
• 80,000t Newman Blend L with a 26 July-4 August laycan bid at $0.3025/dmtu.

Tangshan billet:

• Up by 10 yuan/t to Yn3,610/t.

PBF offers in portside market:

Qingdao: Yn460/wmt (unchanged); Caofeidian: Yn465/wmt (unchanged), Yn470/wmt (+2)