Asia midday ferrous flash
A summary of activity in the Asia-Pacific iron ore and steel markets so far today:
Tenders:
- Rio Tinto has a tender of 170,000t PBF with a 30 July-8 August laycan, to close at 15:00 today.
Offers and bids on Corex:
- Nil
Offers and bids on Globalore:
170,000t PBF with a 11-20 July laycan offer at July index -$0.75/dmt
Tangshan billet:
- Up by 20 yuan/t from the previous session's close to Yn3,620/t in morning trade
PBF offers in portside market:
- Qingdao: Yn455/wmt (unchanged); Caofeidian: Yn460/wmt (unchanged)
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