Asia midday ferrous flash

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

Tender:

• Rio Tinto has a tender of 210,000t PBF with a 23 July-1 August laycan, bidding closed at 11:30

Offers and bids on Corex:

• 190,000t PBF with a 6-15 July laycan offered at $61.98/dmt

Offers and bids on Globalore:

• 70,000t IOCJ with final loading date 30 June offer at $92/dmt
• 170,000t PBF with August delivery offer flat at August MB62
• 80,000t NBL with 26 July-4 August laycan bid at $0.3220/dmtu

Tangshan billet:

• Flat at 3,620 yuan/t in the morning

PBF offers in portside market:

Qingdao: 460 (unchanged), 455 (-5); Caofeidian: 460 (-5)