Asia midday ferrous flash

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

Tenders:

• Nil

Offers and bids on Corex:

• 190,000t PBF with a 6-15 July laycan offered at $61.58/dmt.

Offers and bids on Globalore:

• 170,000t PBF with August delivery offer at August MB62 -$0.50/dmt
• 170,000t PBF with a 1-10 August laycan bid at August P62 -$1.70/dmt
• 170,000t PBF with a 11-20 July laycan offer at July P62 -$0.50/dmt
• 80,000t NBL with a 11-20 July laycan bid at P62 +$0.325/dmtu

Tangshan billet:

• Flat at 3,620 yuan/t in the morning.

PBF offers in portside market:

• Qingdao: Yn455/wmt (unchanged); Caofeidian: Yn460/wmt (unchanged)